- Binance listed 15 new meme cash in 2024, with 80% seeing a big enhance in market capitalization.
- NEIRO skilled a staggering 7,594% worth leap after being listed on Binance.
- The animal-themed “Zoo Sequence” cash account for over 80% of the meme cash provided by Binance this yr.
Binance has made a huge impact on the crypto market this yr by specializing in meme cash and itemizing 15 new meme coin initiatives for the reason that starting of the yr.
These tokens have gained recognition primarily as a result of community-driven hype and have seen a big enhance in market curiosity following their itemizing on the world's largest cryptocurrency change.
In response to the info, 80% of listed meme cash have seen a big enhance in market capitalization. Some, similar to “First Neil on Ethereum,” have seen dramatic worth will increase. NEIRO rose 7,594% after itemizing on Binance, making it one of many high performers within the meme coin sector this yr.
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Of the 15 meme cash listed on Binance this yr, 60% are deployed on the Solana community. In the meantime, 26.7% of listed cash are primarily based on Ethereum, with a smaller portion hosted on Binance Sensible Chain (BSC) and Base. This distribution displays the present meme coin ecosystem, with Solana rising as a number one platform.
Curiously, Binance's strategy to memecoin itemizing has been comparatively cautious. Solely 5 out of 15 cash had been listed in each spot and futures buying and selling.
Market capitalization progress
All meme cash listed on Binance this yr have a market cap of over $100 million. The biggest market capitalization belongs to WIF, which at present boasts a valuation of $2.51 billion. On the different finish of the spectrum, “Neiro Ethereum” has the smallest market capitalization at $102 million.
80% of listed tokens have proven vital progress after itemizing, and Binance's platform performs a key function in driving up the costs of those tokens.
One attention-grabbing pattern in meme coin choices this yr is the proliferation of “Zoo sequence” cash, that are tokens with animal-themed names and branding. These cash account for over 80% of the meme initiatives listed by Binance to this point in 2024. Animal-themed meme cash are gaining consideration within the crypto neighborhood with the rise of BONK, MOG, and MYRO.
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