Since the beginning of 2024, Binance has listed 15 memecoin projects, covering both spot and futures trading.
The platform’s choice to embrace memecoins has resulted in impressive market responses, with nearly 80% of these tokens experiencing significant increases in value. Notably, the lowercase $NEIRO token has surged by an astonishing 7,594% since its listing.
A closer look at the issuance and market performance of these tokens reveals key trends. Of the 15 listed memecoins, over 80% feature zoo-related themes, tapping into the popular animal meme genre.
The choice of networks also reflects the broader memecoin market, with 60% of these tokens deployed on the Solana network, 26.7% on the Ethereum mainnet, and the remainder split between Binance Smart Chain (BSC) and Base. Additionally, the bulk of these listings—73%—occurred between August and November 2024, marking a particularly active period for memecoin launches.
Memecoins And Binance Listing
While Binance’s approach to memecoins is largely spot-focused, it has exercised some caution; only five of these projects offer both spot and futures trading. The cumulative market value of the memecoins listed now exceeds $100 million, with $WIF claiming the top spot at a staggering $2.51 billion valuation, while $NEIRO, despite being the lowest at $102 million, stands out for its massive percentage increase. Meanwhile, only three tokens—$MOG, $BOME, and $MYRO—have shown minor declines post-listing.
👩💻 币安 2024 年已上线 Memecoin 项目盘点
Binance 自 2024 年以来已累计上线 15 个 Memecoin 项目（包含期货和现货），其中 80% 的代币在上线币安后市值有显著增长，小写 $NEIRO 涨幅甚至高达 7594%
以下是对发行网络 / 代币市值 / 涨跌幅和总体情况的详细拆解🧵👇 pic.twitter.com/hEOSUZMvND
— Ai 姨 (@ai_9684xtpa) November 11, 2024
Recently, Binance increased its memecoin count to 17 with the addition of $ACT and $PNUT, both Solana-based projects. As of now, $ACT boasts a market value of $273 million with a remarkable short-term increase of 1,199%, and $PNUT stands at $339 million, up by 208%. The rapid growth of these tokens underlines the high demand and enthusiasm for memecoins within the Binance ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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Source: https://nulltx.com/2024s-memecoin-boom-on-binance-market-values-soar-with-new-listings/