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Memecoins outside Binance returned over 1,000%
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The “Binance effect” refers to the great appreciation of certain tokens that are listed on the largest exchange in the world. An example of this effect occurred this week, when the exchange listed the PNUT and ACT tokens on its platform.
Shortly after the announcement, the two tokens soared by 250% and 1,300%, respectively, due to greater demand for them. And this effect often occurs on several low-value tokens.
When a new token enters Binance, its price tends to explode due to increased demand. However, some well-known tokens that have seen strong increases have not yet reached the exchange platform. Today, let’s get to know five of these tokens:
POPCAT originated from a popular internet meme that depicted an animated cat with its mouth opening and closing, associated with the term “pop.” It was one of the first cat memecoins and was created to combat the “dominance” of dogs in this market.
Moo Deng
Although initially a viral joke, POPCAT attracted attention due to its community appeal and humorous approach. In the last 12 months alone, memecoin went from less than US$0.01 to the current US$1.54 – an increase of more than 180 times.
Next we have Goatseus Maximus, better known as GOAT. The memecoin emerged in October 2024 on the Solana blockchain and quickly attracted attention due to promotion by an AI bot called Truth Terminal. The bot indicated GOAT as one of its bets, causing a strong appreciation.
This artificial intelligence helped propel the cryptocurrency to a peak market valuation of $340 million in just a few days. The value of the GOAT token soared and rose from $0.05 to $0.86, a 16x increase.
Although the coin has undergone subsequent corrections, its case demonstrates how the influence of AI can impact the memecoin market. GOAT illustrated a new type of relationship between AI technology and cryptocurrency investor behavior.
The “Moo Deng” meme gained popularity on social media in 2024 and refers to a pygmy hippo calf that went viral for its captivating appearance and “rebellious” attitude. And like every joke, it gave rise to a memecoin known by the same name: MOODENG.
Launched on the Solana blockchain, MOODENG quickly made a name for itself in the cryptocurrency market, reaching a market capitalization of over $300 million in just a few weeks. Its price went from US$0.01 to US$0.33 and a possible entry into Binance could boost this value exponentially.
Memecoins outside Binance returned over 1,000%
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Memecoins outside Binance returned over 1,000%
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Memecoins outside Binance returned over 1,000%
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Memecoins outside Binance returned over 1,000%
