Bitcoin Dips Below $73K as Meme Tokens Surge on BNB Chain

馃敾 When Bitcoin Breaks

By Bitget NFT Market
Feb 6, 2026, 2:38 PM
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Market Overview

Bitcoin fell below $73,000 as short positions dominated the market.​ Most altcoins experienced broad declines, though $HYPE maintained an independent upward trend.​

Meme Token Activity

  • $GIFTS surged on BNB Chain as the first mechanism-based token on Flap, featuring a tax structure that allocates fees to creators
  • $X gained attention amid speculation that Elon Musk might merge SpaceX and xAI under a unified "X" brand
  • Redacted-themed meme tokens saw increased interest following the release of classified government files

The meme token sector showed resilience despite broader market weakness, with BNB Chain emerging as a hub for new token mechanisms.​

Sources
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