Binance has announced that it has listed two memecoins, The AI Prophecy (#ACT ) and Peanut the Squirrel (#PNUT ).

Binance announced that ACT and PNUT were traded on November 11 at 10:00 (UTC). Memecoins will be listed on the spot platform with a high risk tag.

The change made by the exchange included the following statements;

“ACT and PNUT are new tokens that pose higher risk than normal. These altcoins will likely be subject to high-priced play time. Users should conduct risk management and research before trading in tokens.”

Binance listed ACT and PNUT with the “Seed tag” tag. The tag in question represents highly developed crypto projects.

Binance drew attention with its memecoin preference

Crypto investors were surprised, especially with the listing of ACT. ACT, which had a market value of $25 million before the listing, showed a 1,400 percent increase after the announcement.

The memecoin on the Solana blockchain was launched via Pump.fun. ACT, which recorded an average trading volume of $30 million before the listing, reached a trading volume of $300 million after the announcement.

According to Lookonchain, a trader bought 318 thousand articles of ACT without seeing Binance's listing announcement. The trader earned $3.5 million from the transaction in question. Crypto investors started a discussion about insider trading (insider sales).

Another listing besides ACT, which made the agenda, was PNUT. Peanut, a squirrel euthanized without the permission of its owners in the US, became one of the main agenda members of the US elections. Elon Musk started tweeting for Peanut. PNUT, which was launched on the Solana blockchain, managed to go viral in a short time.

#AltCoinRush #binance #DogecoinPriceSurge