The cryptocurrency alternate Binance noticed important worth will increase for a number of memecoins listed on its platform in 2024.
On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the many 15 memecoins listed by Binance in 2024, 12 noticed important will increase in worth after going dwell on the alternate.
Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) noticed costs respect over 200% after their Binance itemizing, with the Neiro (NEIRO) memecoin pumping by nearly 7,600% after going dwell on the alternate.
Memecoins listed on Binance in 2024. Supply: Ai
Whereas lots of the listed tokens noticed worth will increase, some skilled declines. Mog Coin (MOG), Myro (MYRO) and E book of Meme (BOME) all confirmed slight depreciation after their Binance listings.
MYRO skilled a 33.25% worth lower, whereas MOG and BOME decreased by 11.78% and 1.28%, respectively.
Most listed memecoins are on Solana blockchain
The onchain analyst additionally highlighted that 60% of the memecoins listed on Binance in 2024 had been primarily based on the Solana blockchain. One other 26.7% had been on Ethereum, with the rest cut up between Binance’s BNB Good Chain and the Base community.
Among the many memecoins listed within the alternate, solely 5 can be found in spot and futures buying and selling. The onchain analyst believes that Binance is comparatively cautious on spot listings.
Primarily based on the information, the onchain analyst concluded that Binance doesn’t appear to have a market worth requirement for a memecoin itemizing. Nevertheless, the analyst stated {that a} frequent denominator between the memecoins is their reputation and communities.
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Trump memecoins drop after election win
Whereas the crypto market continues to indicate beneficial properties, Donald Trump-themed memecoins appear to have misplaced their enchantment.
On Nov. 7, Trump-themed memecoins collapsed after the president-elect’s victory in the US presidential election. The MAGA (TRUMP) token tanked by 53% on Nov. 7, whereas the MAGA Hat (MAGA) memecoin dropped by 55%. Different Trump memecoins decreased in worth by 50% to 75%.
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