Different Outcomes After Binance Opened Memecoins’ Trading

• Binance opened trading for NEIRO, TURBO, and BABYDOGE.
• All three memecoins reflected varying outcomes after Binance opened trading.
• NEIRO dumped following trading activation on Binance.

Binance launched spot trading for Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (BABYDOGE) on September 16, 2024. The cryptocurrency exchange announced the NEIRO/USDT, TURBO/USDT, and BABYDOGE/USDT trading pairs would be available from 10:00 UTC.

Early signs suggested a selloff among community members, extending weekend losses. NEIRO saw a 30% daily loss at press time, despite an initial 16% rally earlier in the day. Monday morning’s decline means NEIRO has tumbled over 50% in the past three days, losing a significant part of its last week’s gains.

NEIRO Drops, TURBO Surges, BABYDOGE Volatile

TradingView’s data showed the newly listed memecoin currently trading at $0.0912, a significant pullback from its recent all-time high of $0.2060. Analysts attributed this drop to a selloff by early adopters and airdrop hunters who acquired the memecoins at lower prices.

While NEIRO’s price crashed after Binance opened trading, TURBO moved in the opposite direction, surging over 28% early on Monday. The memecoin rallied from an opening price of $0.003769 to trade at $0.004503 at press time, per TradingView data.

TURBO’s price trajectory reflects more stability than NEIRO’s, further substantiating the analysts’ belief that early adopters and airdrop hunters triggered NEIRO’s decline after Binance opened trading. TURBO’s recent rally pushed its price towards a notable resistance of around $0.00445, with the price struggling to settle above that level at the time of writing.

BABYDOGE also got a boost from the Binance listing, surging from an opening price of $0.00000000107 to $0.000000002 before retracing to $0.0000000016128. The memecoin has shown significant volatility, and its community members anticipate continued price swings.