Binance Lists Two Memecoins: Crypto Investors Are Surprised!
Binance announced that it has listed two memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT).
Binance announced that $ACT and PNUT will start trading on November 11 at 13:00 (UTC). Memecoins will be listed on the spot platform with a high risk tag.
The following statements were made in the statement made by the exchange;
“ACT and PNUT are relatively new tokens that pose higher risk than normal. These altcoins will likely be subject to high price volatility. Users should conduct risk management and research before trading in tokens.”
Binance listed ACT and PNUT with the “Seed tag” tag. The tag in question represents high-risk innovative crypto projects.
Crypto investors were especially surprised by ACT’s listing. ACT, which had a market value of $25 million before the listing, increased by 1,400 percent after the announcement.
The memecoin on the Solana blockchain was launched via Pump.fun. ACT, which recorded an average trading volume of $30 million before the listing, reached a trading volume of $300 million after the announcement.
According to Lookonchain, a trader bought $318,000 worth of ACT as soon as he saw Binance's listing announcement. The trader earned $3.5 million from the transaction. Crypto investors started a discussion about inside trading.
Another listing besides $ACT that occupied the agenda was PNUT. Peanut, a squirrel that was euthanized without the permission of its owners in the US, became one of the main agenda items of the US elections. Elon Musk started tweeting for Peanut. PNUT, which was launched on the Solana blockchain, managed to go viral in a short time.
PNUT attracted Binance’s attention with the community it created. The exchange announced that PNUT will also be listed on the spot platform. The popular memecoin increased by 238 percent after the listing.
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