- Binance has listed 15 new meme cash in 2024, 80% of which noticed a major improve in market capitalization.
- NEIRO noticed a staggering 7,594% value rise after itemizing on Binance.
- Animal-themed “Zoo Sequence” cash make up over 80% of Binance’s meme coin provide this yr.
Binance has made a major impression on the crypto market this yr with its concentrate on meme cash, itemizing 15 new meme coin tasks because the begin of the yr.
These tokens, which gained recognition largely as a consequence of community-led hype, have seen a exceptional surge in market curiosity following their itemizing on the world's largest crypto alternate.
In response to the information, 80% of the meme cash listed noticed a major improve of their market capitalization. Some, like “First Neiro on Ethereum,” have seen dramatic value will increase. NEIRO rose 7,594% after itemizing on Binance, turning into one of many high performers within the meme coin sector this yr.
A Nearer Have a look at the Information
Of the 15 meme cash listed by Binance this yr, 60% are deployed on the Solana community. In the meantime, 26.7% of the cash listed are based mostly on Ethereum, with smaller parts hosted on Binance Good Chain (BSC) and Base. This distribution displays the present meme coin ecosystem, the place Solana has change into a key platform.
Curiously, Binance's method to meme coin itemizing has been comparatively cautious. Solely 5 of the 15 cash have been listed for each spot and futures buying and selling.
Market capitalization progress
All meme cash listed this yr on Binance have surpassed a market cap of $100 million. The biggest market capitalization belongs to WIF, which at present has a valuation of $2.51 billion. On the opposite finish of the spectrum, “Neiro Ethereum” has the smallest market capitalization at $102 million.
With 80% of listed tokens exhibiting important progress after itemizing, Binance's platform performs a key function in driving the costs of those tokens.
An attention-grabbing pattern on this yr's meme coin choices is the predominance of “Zoo Sequence” cash, tokens with animal-themed names and branding. These cash symbolize over 80% of the meme tasks listed by Binance to this point in 2024. For the reason that rise of BONK, MOG, and MYRO, animal-themed meme cash have attracted the eye of crypto communities.
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