Binance Welcomes Three High-Profile Meme Coins
Binance announced on Twitter yesterday morning that NEIRO, BABYDOGE, and TURBO would be listed with the “Seed Tag” label. Trading for these tokens went live at 10am UTC the same day.
Notably, investors could deposit their tokens one hour prior in preparation for them going live on the exchange. The Seed Tag is a heads-up for investors that these coins could be volatile. Investors must also complete a quiz every 90 days to trade them.
Meme Coin Market Rebounds After Binance Listings
Binance’s announcement has come as the overall meme coin market begins to show signs of life once more. Most established coins have posted gains in the past 24 hours. Big names like PEPE and WIF are leading the way, both up over 2%, while DOG has rocketed 12%. Two of the new Binance coins – NEIRO and BABYDOGE – have posted double-digit gains.
However, there are a few outliers. DOGE and BONK are both down around 1%. But the overall picture is bullish, with spot trading volumes jumping to $3.5 billion since yesterday. While things have been looking grim over the past week, this sudden surge in activity could be the spark that prompts a full-blown revival.
Could Layer-2 Project Pepe Unchained be Next to List on Binance?
One project is beginning to stand out when it comes to potential Binance listings: Pepe Unchained. Thanks to its impressive presale performance and Layer-2 plans, many are guessing that PEPU could be in line for a CEX launch by the end of the year.
Pepe Unchained’s team plans to create a blockchain solely for meme coins. This blockchain, called the “Pepe Chain,” will be built on top of Ethereum and offer faster (and cheaper) transactions. In fact, according to Pepe Unchained’s whitepaper, Pepe Chain will be up to 100 times faster than Ethereum.
This strategy fits well with Binance’s interest in utility-focused coins. Plus, the fact that Pepe Unchained has raised over $13.5 million in presale funding demonstrates significant demand from retail investors. Right now, investors can get PEPU tokens for just $0.0097284 each. This low price has been one of Pepe Unchained’s main selling points.
The presale is structured in stages – so early investors get the best prices. Pepe Unchained’s growing community is another factor that strengthens the case for a Binance listing. The project now has over 22,000 followers across Twitter and Telegram.
Conclusion
Binance’s decision to list NEIRO, BABYDOGE, and TURBO has sent shockwaves through the meme coin market. While some coins have struggled, the overall picture is bullish, with spot trading volumes jumping to $3.5 billion since yesterday. With Pepe Unchained looking increasingly likely to list on Binance, it will be interesting to see how the market responds.
FAQs
Q: What is the Seed Tag label?
A: The Seed Tag label is a designation given to new coins listed on Binance that are considered high-risk and volatile.
Q: What is the purpose of the quiz required for trading meme coins?
A: The quiz is designed to educate investors about the risks associated with trading meme coins and to ensure that they have a basic understanding of the market.
Q: What is the Pepe Chain, and how does it differ from Ethereum?
A: The Pepe Chain is a blockchain designed specifically for meme coins, built on top of Ethereum. It offers faster and cheaper transactions, with a maximum of 100 times faster than Ethereum.
Q: How much funding has Pepe Unchained raised in its presale?
A: Pepe Unchained has raised over $13.5 million in its presale, demonstrating significant demand from retail investors.
Q: How many followers does Pepe Unchained have across Twitter and Telegram?
A: Pepe Unchained has over 22,000 followers across Twitter and Telegram.
