Meme coin craze continues as Binance lists $FLOKI and $PEPE

Leading cryptocurrency exchange Binance has announced the listing of two major meme-inspired cryptocurrencies Floki ($FLOKI) and popular memecoin Pepe, inspired by the infamous meme and cartoon character Pepe the Frog, launching on April 17 To the market, 2023.
Binance’s announcement states that users are already able to spot trade the two meme-inspired cryptocurrencies, and both tokens will be included as new loanable assets within 48 hours.
Originally conceived as a meme coin business, FLOKI has since expanded its scope to include a range of products such as games, NFT collections, and even cryptocurrency debit cards. In contrast, the controversial meme coin Pepe Coin is based on a cartoon character and has no practical utility. Developed by a mysterious team, the coin's uncertain origins have sparked controversy.
Nonetheless, amid a flurry of trading activity that has seen its price rise by more than 1,200% over the past few days, at least one crypto trader with a soft spot for the meme coin managed to earn a staggering $38,675 from the token % profit.
Binance’s decision to list these tokens appears to have been well thought out, as evidenced by the numerous risk warnings and caveats peppered throughout the announcement. The exchange’s delayed action further highlights this hesitancy compared to other major platforms.
Despite warnings about the potential ability of contract owners to modify transaction tax and blacklisting capabilities, there has been a significant boom in the market for PEPE. After being listed on multiple centralized exchanges, it has now become the top 100 digital assets.
As CryptoGlobe reports, one lucky cryptocurrency investor appears to have managed to turn a 0.125 ETH investment in PEPE into a staggering $1.14 million in just a few days by buying in at the right time.
The rise of meme-based cryptocurrencies has become a phenomenon in the world of digital finance. The popularity of meme-inspired cryptocurrency Dogecoin ($DOGE) has grown in recent years with the creation of competitors such as Shiba Inu ($SHIB), Babydoge ($BABYDOGE) Wojak ($WOJAK), and ArbDoge. surge.
Memecoins have become a sensation as these cryptocurrencies offer investors the opportunity to make significant financial gains, as evidenced by the recent success story of PEPE.
However, meme coins’ rapid rise and potential volatility also pose significant risks for investors, especially those who may be new to the world of cryptocurrencies, as many end up getting stuck after making a purchase.
1. Well-known meme derivative coins
BABY
Pepe's MEME coin, its official Twitter posted its first tweet on April 5, and then opened PEPE trading on April 15. The initial price of PEPE is approximately $0.000000001, with a total supply of 420.69 trillion.
PEPE has no pre-sale, zero burning tax and LP tokens are destroyed, giving up contract rights. PEPE claims to be “the most talked about meme coin in existence. Dogecoin is obsolete and it’s time for Pepe to dominate.”
Shortly after its launch, a series of wealth myths about pepe’s yield rate of hundreds of times made it quickly become popular. According to Lookonchain monitoring, a smart money address spent 0.125 ETH ($251) on April 15 to purchase 5.9T PEPE (currently $1.14 million). Calculated at a price of $0.0000001933 on the 19th, the rate of return exceeded 4,500 times. 5 addresses associated with pepecexwallet.eth purchased 8.87 trillion PEPE at a low price, with a cost of approximately 0.19 ETH ($385), and sold 7.76 trillion PEPE on DEX for $1.23 million, with a yield exceeding 3200 times.
Currently, according to Coingecko data, the market value of PEPE has soared to over 800 million US dollars, ranking among the top 100 cryptocurrencies (temporarily ranked 61st). The token has increased by nearly 600% in the past 7 days, with 24h trading volume and over 93,000 holding addresses. . Exchanges listed on PEPE include OKX, Uniswap (v2), Uniswap (v3), Gate.io, and Huobi.​
SOLDIER
After PEPE became popular, Wojak (also known as Feels Guy)’s well-known meme coin WOJAK was also launched. Its official website stated that it was supported by PEP’s mememeter. In its original form, Wojak is a stick figure of a wrinkled, depressed bald man. Celebrities such as Zhao Changpeng also forwarded pictures of Wojak expressions last year.
The total supply of WOJAK tokens is 69.42 billion, which skyrocketed within 24 hours after its launch on April 18. Shortly after its launch, the well-known crypto artist beeple also forwarded WOJAK-related posts.
The current market value of WOJAK has reached more than 60 million US dollars, with an increase of more than 1,000% in the past 7 days, a 24-hour trading volume of more than 70 million US dollars, and more than 10,000 addresses held. The exchanges listed on WOJAK include Uniswap (v3), Gate.io, Huobi, Bitget, and LBank.
CHAD
Similar to Peppa Frog and Wojak, Chad is also a well-known meme on the Internet. After the Pepe the Frog meme currency PEPE became popular, the meme currency CHAD was born. The original meaning of Chad is a name for a person who is very verbose and self-righteous. When someone is nagging you and you don't bother to pay attention to him, you can say "Yes Chad" in response.
The total supply of CHAD is 235 trillion coins. It has surged 79,202% since its launch on April 18. However, the currency has fallen more sharply than PEPE and WOJAK, and has fallen by more than 50% from its high point.
The current market value of CHAD exceeds US$4.3 million, with an increase of over 690% in the past seven days. The 24-hour trading volume exceeds US$5.57 million, and there are 2,268 holding addresses. Exchanges listed on CHAD include Huobi, Bitget, Poloniex, and Uniswap (v2).
SOURCE
POGAI is almost a well-known Chinese doge coin. Its meme image is a panda head spoof emoticon package, which has been very popular in the past two days.
The total supply of POGAI is 100 billion, and it was officially launched on May 4, with no private placement or pre-sale. POGAI is very strong in marketing, adopting the airdrop model that was popular in Dogecoin in the past two years, and letting Kol vigorously promote it. Its model is very similar to a batch of Dogecoin lowb, and it is even speculated that it was created by the original lowb people.
Currently, POGAI has increased by more than 75% in 24 hours, with a 24-hour trading volume of more than 24 million US dollars, and more than 42,000 holding addresses. The exchanges that list its tokens include Gate.io, Bitget, and Uniswap.
2. Airdrop speculation categoryThe meme currency with AIDOGE as the token was mainly hyped around the Arbitrum airdrop account. Later, there was even speculation around the zksync account airdrop, but there was not much splash.
AIDOGE
In this round of meme token craze, almost at the same time that PEPE was going crazy overseas, domestic AIDOGE also quickly became popular. The official website of ArbDoge AI (AIDOGE) claims that it is an experiment in the Arbitrum ecosystem. Its token AIDOGE was launched on April 15, and its total number of tokens is 2.1 trillion. Addresses that are eligible for air investment in ARB tokens can receive 95% for free, and a mechanism is adopted where the earlier you receive the tokens, the greater the amount.
In addition, AIDOGE has designed a mechanism for transaction burning taxes. Users have a 15% burning tax for every transaction on the chain, 3% is used for ecological development; 1% will be destroyed; 2% is rewarded to liquidity providers; 3% is used to purchase ARB to subsidize protocol games and Voting (in the early stages, some ARB tokens will be used directly to encourage users to increase liquidity pool funds); 3% is used for AIDOGE holder pledge dividends. 3% is used for lucky drops, which will be converted into ARB tokens and deposited into the lucky pool.
Currently, AIDOGE's market value exceeds US$100 million, its 24-hour trading volume exceeds US$157 million, its token has increased by 241% in the past seven days, and it holds more than 130,000 addresses. Exchanges listed on AIDOGE include OKX, Gate.io, Huobi, Bitget, and BKEX.
Mon
MongCoin launched the MONG token on April 23. According to its official website, MongMob was born from the nonsense of a U.S. Congressman, and MongMob is immortal and can survive the bear market.
Unlike pure meme coins, MONG is related to the MONGS NFT, which was created in January 2022. The MONGS NFT consists of 6,943 NFTs, each NFT depicting a unique meerkat. Holders of these NFTs will receive MONG. Coin airdrop rewards.
MONG increased by more than 88% in 24 hours, with a trading volume of US$24.4 million and more than 10,000 addresses held. The exchange currently online is Uniswap (v2).
3. Social experiment/CX category
This category uses game mechanisms similar to CX to create users’ Fomo emotions.
CLIPS
CLIPS, which was just launched last night, should be the most popular Dogecoin today. Its official gameplay seems relatively complicated. Simply put, it is a fomo game for advertising spots. It has a prize pool, and a single wallet won five mints for the first time. One million CLIPS, and then halved and decayed in the future; you can also use your own currency to bid for advertising space on the homepage, and the coins consumed will also be burned. The successful bidder needs to pay 1.5 times more tokens than the previous one. If there is no bid for more than a week, People who bid will be rewarded with tokens.
The total supply of CLIPS is 220 billion, and the current 24h increase in CLIPS tokens exceeds 88%.​
RG
RG is not as popular as CLIPS, but its gameplay is also a relatively new way of creating fomo emotions. Its official website states that the smart contract is completely generated by ChatGPT.
The total RG supply is 999,999,999, all tokens are placed in the Uniswap V2 pool, and LP tokens have been burned. If an address holds RG for more than 9 days, the tokens it holds will be destroyed, and the holder must send the tokens to a new wallet during this period. Currently, RG’s 24-hour trading volume exceeds US$2.44 million, with a 24-hour increase of over 170%.
2. Meme projects are disappearing one after another, and users need to be wary of risksRecently, popular meme coins such as SHIBERA and XIRTAM have disappeared. Previously on April 26, on-chain data analyst ZachXBT posted on social media that in the past month and a half, users had created 114 meme Coin scams and transferred all the funds profited from them to the same address ( starting with 0x73). In the fomo mood created by memes, users need to be aware of the risks.
PACKAGE
XIRTAM is the first protocol proof deployed in Arbitrum. Its official website states that it will establish the world's first advanced non-KYC blockchain reputation establishment system. Committed to creating a free Play-to-Earn game world, players do not need to purchase any tickets to participate.
There are many KOLs calling for XIRTAM promotion. On April 23-26, the project team conducted a public offering on FjordFoundry and successfully raised US$2.11 million. The closing price at this time was US$0.0456. Subsequently, in the public pre-sale on the 29th, the project team raised funds on Pincubator_io at a unit price of 0.037, raised 633 ETH and mapped the tokens to Arbitrum.
But what is surprising is that SushiSwap was listed on the shelves in the early morning of May 3, and then fell from US$0.02 to US$0.0018. It only took a few hours for the market value to plummet by 90%.
SHIBERA
SHIBERA is a meme project on zkSync. It had previously announced an airdrop, and Rug occurred shortly after. The official Twitter has been logged out, and the liquidity pool on SyncSwap has been withdrawn. It is worth mentioning that before logging out of the official Twitter account, the account also changed its Twitter username to "Hello".
3. Is Ethereum the biggest winner?Along with meme/dude season comes high gas fees. According to data from beaconcha.in, ETH’s gas fees continue to soar, with gas fees reaching more than 100 Gwei becoming the norm in recent days.
Why is the meme/dirty dog ​​season so high? Crypto kol analysis shows that because meme currency/Dogecoin liquidity is mainly on-chain and Lp is generally small, causing meme prices to fluctuate greatly, buyers and sellers will set higher slippage to prevent transaction failure and gas fees being paid in vain. , and MEV arbitrage thereby pushing up gas.
From the perspective of ETH burning volume, under the recent downturn in the NFT market, the total supply of ETH has decreased by 32,242 pieces in the past 7 days, and the current annualized rate of deflation is approximately 1.398%. A total of approximately 560,000 ETH have been burned since the merger (231 days ago), while 45,400 ETH have been burned in the past 7 days. The power of memes is evident, so are you fomo?