Follow Us @
Memecoins soar up to 1,300% with listing on Binance
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
Binance announced the listing of two new memecoins this Monday (11). One of them is the project token The AI Prophecy (ACT), while the second was Peanut the Squirrel (PNUT).
The news led to huge price spikes for both tokens, with the ACT price rising over 1,300% and the PNUT price rising 250%. Both tokens have seen market interest increase significantly.
Interestingly, the PNUT emerged at the height of the United States elections, due to the squirrel named Peanut that was euthanized by the US police. This has increased interest in tokens like it and Flockerz (FLOCK), which offer direct exposure to episodes involving politics.
According to Binance’s official announcement, the exchange will open spot trading for ACT and PNUT starting this Monday (11). Users can trade these memecoins on ACT/USDT and PNUT/USDT pairs.
Binance lists AI Prophecy and PNUT
Withdrawals will be open from November 12th, adding liquidity options for both tokens. This triggered a huge jump in the price of ACT and PNUT, which saw up to four-digit gains.
Both ACT and PNUT received the Binance Seed Tag, which marks tokens with high volatility and risk.
The ACT token adds a thematic touch, uniting Artificial Intelligence (AI) and memecoins. The PNUT pays homage to the squirrel Peanut, whose case had repercussions in the USA before the election. Because of this repercussion, the token soon skyrocketed in price after its launch.
However, Binance highlights that customers residing in certain regions, including the United States, Canada and the Netherlands, will not be able to trade the tokens.
Despite the strong rise, several traders criticize the successive launch of these low-value tokens. In this regard, a trader known as Leonidas stated that Binance has turned into a “pump and dump” mechanism that is knowingly harming retail investors.
The trader claims that large investors usually buy and sell these tokens after a few hours and weeks, making profits. On the other hand, small investors are stuck with tokens and are unable to sell.
Memecoins soar up to 1,300% with listing on Binance
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Memecoins soar up to 1,300% with listing on Binance
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Memecoins soar up to 1,300% with listing on Binance
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Memecoins soar up to 1,300% with listing on Binance
