BUILDon (B) fluctuated 72.4% in 24 hours: Viral meme and short squeeze drive surge, followed by slight pullback

Volatility Brief

In the past 24 hours, BUILDon (B) price rebounded from a low of $0.31112 to a high of $0.53639 and is currently at $0.41266, with a price swing of 72.4%. Trading volume surged to approximately $160 million (up 45% from the previous day). Data shows that short positions were liquidated for about $3.9–4.67 million, and derivatives open interest increased by 167%.

Brief Analysis of the Cause of the Move

• On May 2, a viral meme (animation featuring Trump and a lion mascot) spread rapidly, triggering a 60% intraday surge to $0.352, directly breaking the long-term downtrend and reclaiming the 200-day EMA.

• Driven by a short squeeze, $4.67 million in short positions were liquidated within 24 hours, pushing derivatives open interest to spike.

• Speculative trading on Binance Alpha was active, with a volume/market cap ratio of 0.24 (market average is 5), primarily retail-driven, with limited on-chain whale inflow.

Market Sentiment and Outlook

Community sentiment shows 75% bullish, but RSI is overheated above 85, and MVRV Z-Score at 2.86 has entered the "red zone." Mainstream views believe the rally is fragile, with the $0.30 support being critical; if lost, a pullback to $0.22–$0.18 may occur. If maintained, an upside target above $0.53 is possible. Analysts warn of high risks in leveraged speculation and advise caution against profit-taking pressure.