- Binance launched 15 new meme cash in 2024, with 80% seeing important market cap progress.
- NEIRO noticed a staggering 7.594% worth enhance after itemizing on Binance.
- Animal-themed βZoo Collectionβ cash make up over 80% of Binanceβs meme coin providing this yr.
Binance has made a big affect on the crypto market this yr by specializing in meme cash and launching 15 new meme coin initiatives because the starting of the yr.
Gaining recognition primarily attributable to community-driven hype, these tokens have seen a exceptional surge in market curiosity following their itemizing on the world's largest crypto trade.
In line with the information, 80% of the listed meme cash noticed a big enhance in market capitalization. Some, such because the “First Nero on Ethereum”, have seen dramatic worth will increase. NEIRO rose 7,594% after its itemizing on Binance, changing into one of many prime performers within the meme coin sector this yr.
A more in-depth take a look at the information
Of the 15 meme cash listed by Binance this yr, 60% are deployed on the Solana community. In the meantime, 26.7% of listed cash are primarily based on Ethereum, with smaller parts hosted on Binance Sensible Chain (BSC) and Base. This distribution displays the present meme coin ecosystem the place Solana has emerged as a key platform.
Curiously, Binance's method to meme coin listings has been fairly cautious. Solely 5 of the 15 cash have been listed for each spot and futures buying and selling.
Market capitalization progress
All meme cash listed on Binance this yr have exceeded the $100 million market cap. WIF has the biggest market capitalization, at present boasting a valuation of $2.51 billion. On the different finish of the spectrum, βNeiro Ethereumβ has the smallest market cap at $102 million.
With 80% of the listed tokens displaying important progress after itemizing, the Binance platform performs a key position in rising the costs of those tokens.
One fascinating development on this yr's meme coin choices is the predominance of “Zoo Collection” cash – tokens with animal-themed names and types. These cash account for greater than 80% of the meme initiatives that Binance has launched to date in 2024. Because the rise of BONK, MOG, and MYRO, animal-themed meme cash have caught the eye of crypto communities.
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