In a significant turn of events, memecoins witnessed a massive surge post their listing on Binance. Notably, the Neiro memecoin skyrocketed by a staggering 7,600% following its debut on the renowned exchange.
The year 2024 was marked by considerable price escalations for a myriad of memecoins featured on Binance. Among the 15 memecoins listed, 12 experienced substantial value hikes upon their exchange premiere. Memecoins like Moo deng (MOODENG), Dogwifhat (WIF), and Popcat (POPCAT) saw price surges exceeding 200% post-Binance listing.
Interestingly, a comprehensive breakdown reveals that most of the memecoins listed on Binance in 2024 were rooted in the Solana blockchain. Ethereum accounted for 26.7% of the listings, while Binance’s BNB Smart Chain and the Base network shared the remainder.
Moreover, the analysis highlights that only a handful of memecoins available for trading on the exchange support both spot and futures market transactions. Despite the absence of a specific market value prerequisite for memecoin listings, the common thread tying these tokens together is evidently their popularity and community backing.
