Binance launched 15 Memecoin projects in 2024, and according to a report by chain analyst @ai_9684xtpa on Odaily, 80% of these tokens have experienced substantial growth in market capitalization following their Binance listing. Notably, NEIRO stands out, achieving a staggering 7,594% increase in value, marking it as the top performer among these projects.
Key Highlights from Binance’s Memecoin Launches:
Zoo-Themed Dominance: Over 80% of the tokens launched on Binance this year are animal or zoo-based Memecoins, a trend aligning with the broader Meme market’s direction.
Platform Distribution: Of the 15 Memecoins:
60% are on Solana: Solana has emerged as the dominant platform for these tokens.
26.7% on Ethereum Mainnet: Ethereum remains a popular choice but ranks second.
Remaining Tokens on BSC and Base: The remainder are deployed across Binance Smart Chain (BSC) and Base.
Launch Timing: Approximately 73% of these Memecoins were introduced between August and November, underscoring a concentrated period of launches as Binance responds to Memecoin market demand.
Spot vs. Futures Listings: Binance has shown caution, with only five Memecoins listed on both spot and futures markets, signaling a careful approach to spot listings.
Market Capitalization Overview:
WIF holds the highest market cap at $2.51 billion, leading the pack.
NEIRO sits at the lower end with a market cap of $102 million, despite its extraordinary post-launch growth.
Total Market Cap: All listed Memecoins collectively exceed $100 million in value.
While most tokens have performed well, $MOG, $BOME, and $MYRO are exceptions, experiencing slight declines in market capitalization post-listing. Nonetheless, the overall trend points to significant gains in the Memecoin segment on Binance in 2024.
