In a surprising move, Binance has recently added low-cap meme coins ‘Peanut the Squirrel (PNUT)’ and ‘Act I: The AI Prophecy (ACT)’ to its trading platform. This unexpected listing comes as both tokens experience significant price surges in the wake of their introduction on the exchange, challenging the trend of billion-dollar meme coin listings.
The decision by Binance to waive listing fees for these niche tokens has raised eyebrows across the cryptocurrency landscape. Traditionally, getting listed on a major exchange like Binance would incur substantial costs. However, Binance Co-Founder Yi He announced on X that both listings were completely free. This strategic move appears to be a part of Binance’s ongoing efforts to explore organic and community-driven projects.
Upon their listing, PNUT and ACT witnessed remarkable price increases. PNUT surged by 1,094% over the week, reaching a trading price of $0.4941 with a market cap of $489 million. Meanwhile, ACT exploded even more, gaining 2,465% this week to trade at $0.5422 and a market cap of $504 million.
What’s causing this sudden interest in low-cap meme coins? The recent bullish market trends appear to be fueling investor excitement, with potential traders perceiving these underdog coins as ripe for investment. The rapid price escalation of both tokens not only benefits early investors but also highlights a continuing market trend where lesser-known cryptocurrencies are drawing serious attention.
As the success of PNUT and ACT has demonstrated, there’s a burgeoning opportunity for other low-cap meme coins. Projects like Pepe Unchained, currently in presale, have amassed substantial interest, with $27 million in investments already. This presale aims to build an Ethereum layer 2 blockchain designed specifically for meme coins, anticipated to be significantly faster and cheaper than the Ethereum main network.
Similarly, other projects like Crypto All-Stars are emerging on the scene. This innovative platform allows users to earn passive income through staking meme coins, leveraging a unified token ecosystem that includes popular coins like DOGE and SHIB. With increasing community interest and investment, these projects are poised to gain momentum, potentially leading to new listings on Binance.
In conclusion, Binance’s pivot towards listing low-cap meme coins signifies a significant shift in its listing strategy, potentially opening more doors for emerging projects in the crypto sector. Investors and traders alike are eager to see which lesser-known coins may claim the spotlight in upcoming listings on the platform.
