Memecoins that received Binance listings this year grew tremendously.
12 of the 15 memecoins listed on the world’s largest exchange by trading volume, Binance, have shot up in value massively, showing the importance of listing on the exchange for early-stage projects.
A pseudonymous X user noticed the phenomenon and reported it on their account. A translated version from their local language reads, “Binance has listed a total of 15 Memecoin projects (including futures and spot) since 2024.” They added, “80% of the tokens have seen significant growth in market value after being listed on Binance, with the lowercase $NEIRO increase even as high as 7594%.”
NEIRO’s pump was the apparent eye-catcher on the list. However, others have performed well by all means. Moo Deng (MOODENG)—a token fashioned after the famous hippopotamus on TikTok, Dogwifhat, and Popcat (POPCAT), all registered gains amounting to over 200%.
Still, three out of the 15 Binance-listed memecoins marked declining valuations. Those included Mog Coin (MOG), Myro (MYRO), and Book of Meme (BOME), with MOG dropping by 11%, Myro by 33%, and BOME by 1.28%.
Most of the listed assets come from Solana, which shows the popularity of the memecoin genre on that blockchain. The meme revolution has taken over the chain since Pump.fun’s launched. That platform, allowing users to deploy meme tokens without coding knowledge, has let users launch tokens left and right, with the most viral ones breaking out to grow communities and create communities.
While Binance has no minimum pricing requirements to get a token on board, it does look at factors like sustained price action and active communities to make the decision. Among the 15 listed assets, only five have made it to the exchange’s spot and futures categories—categories the exchange treats carefully.
Solana-based memecoins accounted for 60% of the memecoins listed on Binance in 2024. Ethereum accounted for nearly 27% of the total; the rest came from the Binance Smart Chain and Ethereum layer-2 Base.
Binance Slammed for Alleged Listing Charging Practice
Binance was slammed late last month by MoonRock CEO Simon Dedic for allegedly asking a tier 1 project to offer 15% of its token supply as the listing fee. “Not only is this unaffordable for projects, but these tokens are also the biggest reason for bleeding charts,” Dedic said. Coinbase, too, was alleged to be asking exorbitant listing fees—a whopping $300 million.
