80% of memecoins pumped after Binance listing in 2024
The cryptocurrency exchange Binance saw substantial rate boosts for numerous memecoins listed on its platform in 2024. On Nov. 11, pseudonymous onchain expert Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw substantial increases in worth after going live on the exchange. Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices appreciate over 200% after their Binance listing, with the Neiro (NEIRO) memecoin pumping by practically 7,600% after going live on the exchange.Memecoins noted on Binance in 2024. Source: AiWhile a number of the listed tokens saw price increases, some experienced decreases. Mog Coin (MOG), Myro (MYRO) and Book of Meme (BOME) all showed small depreciation after their Binance listings. MYRO experienced a 33.25% cost reduction, while MOG and BOME reduced by 11.78% and 1.28%, respectively.Most listed memecoins are on Solana blockchainThe onchain expert likewise highlighted that 60% of the memecoins noted on Binance in 2024 were based upon the Solana blockchain. Another 26.7% were on Ethereum, with the rest split in between Binances BNB Smart Chain and the Base network.Among the memecoins noted in the exchange, just 5 are readily available in spot and futures trading. The onchain analyst thinks that Binance is reasonably cautious on area listings. Based on the information, the onchain expert concluded that Binance does not seem to have a market worth requirement for a memecoin listing. The expert said that a common denominator between the memecoins is their popularity and communities.Related: FTX personal bankruptcy estate submits $1.8 B suit versus Binance, CZTrump memecoins drop after election winWhile the crypto market continues to reveal gains, Donald Trump-themed memecoins appear to have lost their appeal. On Nov. 7, Trump-themed memecoins collapsed after the president-elects victory in the United States presidential election. The MAGA (TRUMP) token tanked by 53% on Nov. 7, while the MAGA Hat (MAGA) memecoin stopped by 55%. Other Trump memecoins reduced in value by 50% to 75%. Magazine: VonMises purchased 60 CryptoPunks in a month before the cost increased: NFT Collector