😱🤯 Whoa, Binance really shook things up by listing two memecoins, The AI Prophecy (#ACT) and Peanut the Squirrel (#PNUT)! These memecoins started trading on November 11 at 10:00 (UTC) on Binance's spot platform with a high-risk warning.
Binance emphasized that ACT and PNUT are riskier tokens, likely to experience high volatility. Users were advised to manage risks and do thorough research before trading these tokens. The exchange tagged ACT and PNUT as "Seed tag," indicating they are advanced crypto projects.
The listing of ACT surprised many investors. Before the listing, ACT had a market value of $25 million, but after being listed, it surged by a whopping 1,400 percent. This memecoin on the Solana blockchain saw its trading volume skyrocket from $30 million to $300 million post-listing.
Interestingly, a trader bought 318 thousand ACT tokens before Binance's announcement and made a significant profit of $3.5 million after the listing. This sparked discussions among investors about insider trading.
PNUT, the other memecoin listed, gained attention due to its unique backstory involving a squirrel named Peanut. Elon Musk even tweeted about Peanut, leading to PNUT going viral. The community around PNUT caught Binance's eye, resulting in its listing.
The memecoin frenzy continues as Binance expands its offerings, creating excitement and opportunities for crypto enthusiasts. 🚀💸 #HaveYouBinanced 
