Binance has officially entered the memecoin race on the Sui Network with the launch of $HIPPO, marking the 18th memecoin project on its platform.
This is Binance’s first memecoin launch on the Sui blockchain in 2024, and it’s already creating major waves in the market.
Following Binance’s introduction of futures trading for HIPPO, the token has surged by an impressive 144% in a short span, pushing its market cap to around $278 million.
The bullish sentiment doesn’t stop with HIPPO; both $ACT and $Pnut—memecoins launched just two days ago—have also witnessed massive gains of over 1,000%, reflecting the growing enthusiasm around new Binance-listed memecoins.
ACT Massive Profits Run
Among the recent memecoin releases, ACT stands out with a staggering 2,954% increase, positioning it as the second-highest performer in this category, only trailing NEIRO. Meanwhile, Pnut has also captured attention, recording a gain of 1,073%.
币安真要躬身入局了啊，已上线第 18 个 Memecoin 项目 $HIPPO —— 这是 Binance 2024 年上线的第一个 Sui 网络 Meme
受币安上线期货影响，HIPPO 已短时上涨 144%，市值 2.78 亿美金；而两天前上线的 $ACT 和 $Pnut 涨幅均已超过 1000%，杀疯了🥹
– ACT：涨幅 2954%，仅次于 NEIRO– Pnut：涨幅 1073% https://t.co/VRJHutFgE4 pic.twitter.com/BInLwxz9fe
— Ai 姨 (@ai_9684xtpa) November 13, 2024
HIPPO itself has reached an all-time high price of $0.024, with its market cap edging close to the $300 million mark. These significant price hikes underscore the intense demand and excitement surrounding Binance’s latest memecoin offerings.
The ongoing meme token boom is drawing in traders and fueling speculation across Binance’s platform, as investors jump in on the action in hopes of capitalizing on the impressive returns seen in just days.
Binance’s latest moves in the memecoin space suggest that the exchange is betting on the continued growth and popularity of the meme market, likely to further energize the crypto community and increase trading activity on its platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Binance Sparks Meme Frenzy With Launch Of $HIPPO On Sui Network appeared first on The Merkle News.
