The crypto world remains obsessed with meme coins, and today, the BNB Chain-based token $DONKEY sat at the top of the throne with a jaw-dropping 90% price spike.
The token recently achieved an all-time high market cap of $14.4 million, drawing attention from traders and enthusiasts. With a wild $13 million in daily trading volume, $DONKEY not only captured the #2 spot on BNB Chain by trading volume, but also broke all records set by itself.
This token is experiencing a meteoric rise as it enters a new phase of virality and speculation. The excitement in the BNB Chain’s meme token community appears to be growing, and this is another demonstration of just how far the meme coin phenomenon has gone.
$DONKEY, a memecoin on BNB Chain, surges over 90% today, hitting a new all-time high market cap of $14.4M! 🚀
On May 6, $DONKEY soared with $13M in trading volume, ranking #2 on BNB Chain by volume.
Born from BNB Chain’s meme culture, $DONKEY gained traction after Binance… pic.twitter.com/h3Lk0600OU
— Followin (@followin_io) May 6, 2025
A Joke Turned Juggernaut
$DONKEY’s origin is as unusual as it is representative of crypto’s meme-fueled culture. The coin was born from a not-so-serious moment on social media when Binance founder Changpeng Zhao, better known as CZ, jokingly called himself a “donkey”. This self-deprecation very quickly became a joke that was told around the crypto space, leading to a flurry of donkey-themed memes, community activity, and eventually, the launch of the dedicated token.
Capitalizing on the moment, BNB Chain crypto aficionados promptly minted $DONKEY to pay homage to the viral event. From there, the token rapidly gathered steam as meme coin and influencer traders jumped on the bandwagon. What started as a laugh now has ascended to one of the premier BNB Chain assets this week.
Adding fire to the fuel, Binance’s very own recognition of the token gave even more legitimacy to the hype. Binance has just recently recognized $DONKEY as one of its latest batch of Spotlight Projects via its exclusive Binance Alpha platform, where it highlights what it sees as the promising and emerging tokens of the ecosystem. $DONKEY, along with the fellow newcomer $Jager, has been recognized as one of the new Binance Spotlight Projects.
🚨BREAKING: #Binance has just revealed the new batch of Spotlight Projects on Binance Alpha! $Jager (@jager_BSC) and $DONKEY (@DONKEY_BSC_MEME) are the latest selection for #Binance Spotlight Projects. https://t.co/4IPHFgQY98 pic.twitter.com/MSp6mBtpRu
— Wise Crypto (@WiseCrypto_) May 6, 2025
Many consider this endorsement—a strong vote of confidence from Binance’s inner circle, if not an official listing—to be just that. In fact, mention of $DONKEY alongside other Binance Alpha projects has certainly pushed the token to newer highs and revitalized investor interest. In some sense, this listing is worth mentioning due to the esteem in which many hold the projects (and the astute inner circle) of Binance.
Meme Power Meets Market Momentum
At its core, $DONKEY demonstrates the astounding potency that meme culture can have in the realm of cryptocurrencies. It blends humor, manic community euphoria, and blockchain utility—often in unpredictable, yet explosive, ways. Its recent 90% increase in one day is a reminder of how quickly sentiment can turn in favor of an asset, especially when the asset’s driving forces are a moment of virality and some well-placed visibility.
The trading volume of $DONKEY hit $13 million on May 6 alone—an extraordinary figure for a meme token, especially one that is still relatively fresh to the market. Somehow it managed to vault to the second spot by volume on BNB Chain, behind only the stablecoin BUSD, suggesting that not only are folks chuckling over the idea of a donkey meme token, they’re also riding some serious momentum.
At present, crypto analysts are keeping a close watch on $DONKEY to see if it has the token power to maintain its valuation strength—obviously in contrast to a much more likely short-term pump that’s just a function of social media hype. But hey, community engagement is definitely on the uptick, and with the Binance Alpha spotlight offering $DONKEY some much-envied visibility, the future’s looking brighter than ever.
The Future of $DONKEY
Though the $DONKEY token is quite a newcomer, its performance today signifies a watershed moment—not just for the token, but for the entire meme economy on the BNB Chain. Traders may be hard-pressed to find a next meme hit, but the trail of activity that $DONKEY has left in recent days shows that a single tweet or even an offhand joke can stir up a lot of market action.
One thing is clear: $DONKEY is here now, and it is making a lot of noise in the pasture, whether it ultimately establishes itself as a lasting thing in the meme coin universe or as a trend that has come and is going.
At this point, the community is enjoying a period of great enthusiasm, and investors are focusing their attention—because in the realm of memecoins, all bets are off when you mix humor with hype.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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