Binance has announced that it has added two meme coins, AI Prophecy (ACT) and Peanut Squirrel (PNUT).
Binance announced that $ACT and PNUT will start trading on November 11 at 13:00 (UTC). The meme coins will be listed on the spot trading platform with a high risk tag.
The following statements were made in the statement issued by the Stock Exchange;
“ACT and PNUT are relatively new tokens that present higher than usual risk. These altcoins are likely to be subject to high price volatility. Users should conduct risk management and research before trading in the tokens.”
Binance has listed ACT and PNUT with the “Seed Mark”. The mark in question represents high-risk, innovative cryptocurrency projects.
Cryptocurrency investors were particularly surprised by ACT’s listing. ACT, which had a market cap of $25 million before the listing, surged 1,400 percent after the announcement.
The meme coin was launched on the Solana blockchain via Pump.fun. ACT recorded an average trading volume of $30 million before listing, and trading volume reached $300 million after the announcement.
According to Lookonchain, a trader bought $318,000 worth of ACT as soon as he saw the Binance listing announcement. The trader made $3.5 million from the deal. Crypto investors started discussing insider trading.
Another inclusion besides $ACT that occupied the agenda was PNUT. Peanut, a squirrel that was euthanized without permission from its owners in the United States, became a major topic on the US election agenda. Elon Musk started tweeting about Peanut. PNUT, which was launched on the Solana blockchain, managed to spread rapidly in a short time.
PNUT caught the attention of Binance through the community that created it. The exchange announced that PNUT will also be listed on the spot trading platform. The popular meme coin surged 238 percent after the listing.
