Original Author: @ai_9684xtpa
Translated by: Lawrence, Mars Finance
Since 2024, Binance has launched a total of 15 Memecoin projects (including futures and spot), with 80% of the tokens experiencing significant growth in market capitalization after listing on Binance. Lowercase $NEIRO increased by as much as 7594%. (As of the time of publication, PNUT, which just launched today, is not included.)
The following is a detailed breakdown of the issuing network / token market capitalization / price fluctuations and overall situation.
Launch Date: Whether to be counted is determined by the first launch time. For example, BONK launched spot trading in December 2023 and futures in April of this year, so it is not included.
Market Capitalization Before Launch: Calculated based on the closing price the day before Binance's announcement.
Exchanges that have launched: Only exchanges that have launched spot trading are displayed, ranked from best to worst based on depth.
Overall Overview
Among the 15 Memecoins launched by Binance this year, over 80% belong to the zoo-type Meme.
60% deployed on the Solana network, 26.7% on the Ethereum mainnet, with the remaining distributed on BSC and Base, which basically aligns with this year's Meme market battleground, and 73% of the projects launched between August and November.
Among them, only 5 have been launched on both spot and futures, indicating that Binance's attitude towards launching spot trading is relatively cautious.
Project Market Capitalization and Price Fluctuations
Currently, all launched Memecoins have a market capitalization exceeding 100 million USD, with the highest market cap being $WIF (2.51 billion USD) and the lowest being uppercase $NEIRO (102 million USD).
80% of tokens have seen significant market capitalization growth after launch, with NEIRO (lowercase) increasing by as much as 7594%, making it the standout performer.
$MOG / $BOME / $MYRO are the only three that have seen a slight decrease in market capitalization after being launched.
Simple Summary
It is not difficult to see from the chart that Binance does not seem to have rigid market capitalization requirements for the listed Memecoins, treating those with a market cap as low as 15.49 million USD and as high as 881 million USD equally, with community enthusiasm being the only commonality.
If you review the K-line, you will find that Binance's effect on listing Memecoins is particularly significant. Announcements usually coincide with a large bullish candle, and launching spot trading has a much greater long-tail positive effect on projects.
