80% of memecoins pumped after Binance listing in 2024

The cryptocurrency speech Binance saw important terms increases for respective memecoins listed connected its level successful 2024.

On Nov. 11, pseudonymous onchain expert Ai_9684xtpa posted connected X that among the 15 memecoins listed by Binance successful 2024, 12 saw important increases successful worth aft going unrecorded connected the exchange. 

Memecoins similar Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices admit implicit 200% aft their Binance listing, with the Neiro (NEIRO) memecoin pumping by astir 7,600% aft going unrecorded connected the exchange.

Memecoins listed connected Binance successful 2024. Source: Ai

While galore of the listed tokens saw terms increases, immoderate experienced declines. Mog Coin (MOG), Myro (MYRO) and Book of Meme (BOME) each showed flimsy depreciation aft their Binance listings. 

MYRO experienced a 33.25% terms decrease, portion MOG and BOME decreased by 11.78% and 1.28%, respectively.

Most listed memecoins are connected Solana blockchain

The onchain expert besides highlighted that 60% of the memecoins listed connected Binance successful 2024 were based connected the Solana blockchain. Another 26.7% were connected Ethereum, with the remainder divided betwixt Binance’s BNB Smart Chain and the Base network.

Among the memecoins listed successful the exchange, lone 5 are disposable successful spot and futures trading. The onchain expert believes that Binance is comparatively cautious connected spot listings. 

Based connected the data, the onchain expert concluded that Binance does not look to person a marketplace worth request for a memecoin listing. However, the expert said that a communal denominator betwixt the memecoins is their popularity and communities.

Related: FTX bankruptcy property files $1.8B suit against Binance, CZ

Trump memecoins driblet aft predetermination win

While the crypto marketplace continues to amusement gains, Donald Trump-themed memecoins look to person mislaid their appeal. 

On Nov. 7, Trump-themed memecoins collapsed aft the president-elect’s triumph successful the United States statesmanlike election. The MAGA (TRUMP) token tanked by 53% connected Nov. 7, portion the MAGA Hat (MAGA) memecoin dropped by 55%. Other Trump memecoins decreased successful worth by 50% to 75%. 

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