30s Summary
In 2024, 12 out of 15 meme coins listed on Binance experienced significant price increases, according to an anonymous internet analyst. Coins including Moo deng (MOODENG), Dogwifhat (WIF), and Popcat (POPCAT) saw more than 200% price jumps after inclusion on Binance. However, not all meme coins performed as well. MOG, MYRO, and BOME lost value after their Binance launch. Most of these coins are based on the Solana blockchain and they seem to have strong popular support and active communities. However, “Trump coins,” based on former US President Donald Trump, saw a drastic decrease in value.
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In 2024, Binance, a popular cryptocurrency exchange, noticed great price jumps in several of the joke or “meme” coins they host. According to some data shared on X by Ai_9684xtpa, an anonymous internet numbers wizard, 12 out of the 15 meme coins that Binance added to their platform that year saw significant jumps in value after being released.
Meme coins such as Moo deng (MOODENG), Dogwifhat (WIF), and Popcat (POPCAT) experienced more than 200% price jumps after being included on Binance. One coin, a joke coin called Neiro (NEIRO), even skyrocketed by almost 7,600% after hitting the platform.
Not all meme coins were so lucky, though. Mog Coin (MOG), Myro (MYRO), and Book of Meme (BOME) all lost a bit of value after their Binance release. MYRO’s price went down 33.25%, while MOG and BOME saw decreases of 11.78% and 1.28% respectively.
Ai_9684xtpa also pointed out that a lot of these meme coins, about 60%, are based on the Solana blockchain. Another quarter were built on Ethereum, and the rest are split between Binance’s BNB Smart Chain and the Base network. There are just five meme coins you can trade in the spot and futures market on the exchange. According to the analyst, Binance seems to be careful about which they allow for spot listings.
The one thing the analyst noticed about these coins is that Binance doesn’t appear to have any set value a meme coin needs to reach before it’s listed. The coins all seem to have one thing in common, though: they all had strong popular support and active communities standing behind them.
Although the world of crypto was seeing general increases, the “Trump coins,” based on former president Donald Trump, weren’t doing so well. When he was announced as the winner in the U.S. presidential race on November 7th, the bubble apparently burst and their value plunged. The MAGA (TRUMP) token saw a 53% drop that day, and the MAGA Hat (MAGA) meme coin dropped by 55%. The value of other Trump-themed meme coins decreased from 50% to 75%.