Binance lists two cryptocurrencies, causing increases of 320% and 2,090%.
$BTC #TopCoinsSeptember2024 #BecomeCreator #MarketDownturn #TopCoinsSeptember Binance is criticized for listing memecoins
Binance, the largest cryptocurrency broker in the world, announced the listing of two cryptocurrencies this Monday (11). While one of them operates with a daily increase of 320%, the other rises 2,090% in the same period.
Although Binance listings always have a big impact on projects, valuations of this size are unusual and show how excited the market is about the rise of Bitcoin, which today surpassed the US$ 85,000 mark.
However, it is not all praise. Some industry figures accuse the broker of “creating an unsustainable memecoin market for its own benefit.”
Binance lists two cryptocurrencies on its platform and causes highs
The first cryptocurrency listed by Binance was Act I: The AI Prophecy (ACT), a token on the Solana network. As a memecoin, there is not much to say about the project, which focuses on Artificial Intelligence and competes with other names such as Goatseus Maximus (GOAT).
Regardless, ACT rose 2,090% this Monday (11) after listing on Binance. At the time of this writing, the memecoin has the best daily performance in the entire market.
Memecoin Act I: The AI Prophecy (ACT) rises 2,090% after listing on Binance. Source: CoinMarketCap.
Memecoin Act I: The AI Prophecy (ACT) rises 2,090% after listing on Binance. Source: CoinMarketCap.
The second cryptocurrency listed by Binance is also a memecoin on the Solana network, Peanut the Squirrel (PNUT). Although with more modest gains, of 320%, the coin also appears among those that rose the most on the day.
The project was created after the US government euthanized a squirrel rescued by a citizen and which became a hit on social media. Last week, even Elon Musk commented on the animal's death, increasing the exposure of the case.