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The top crypto exchange Binance is on a meme coin launch spree, both on its spot and futures platforms.
Binance Futures launched POPCATUSDT and SUNUSDT perpetual contracts today on Thursday, allowing users to trade the meme coins with 75x leverage. Popcat is the latest Solana meme coin sensation while SUN is the top meme coin on the Tron blockchain.
Additionally, Binance will launch the Telegram-based DOGS meme coin on its spot exchange on August 26th.
Smart money investors are already attempting to guess which meme tokens could be next to land a spot on Binance. Rumours are circulating that Base Dawgz could be one of the candidates.
Why Is Binance Rushing To List Meme Coins?
The world’s largest crypto exchange is clearly expecting a meme coin mania in the coming weeks, and for good reason.
The next crypto bull run is on the horizon, especially with the Federal Reserve set to cut interest rates by 100 basis points in 2024. Experts believe that meme coins will lead the bull rally once, just as they did earlier this year.
Indeed, both whales and retailers prefer meme tokens over altcoins of other categories. While retailers are attracted by their simplicity, smart money investors are treating them as beta bets on their respective Layer-1 tokens. In fact, new meme coins can also offer outsized returns due to their low-cap status, especially during the bull market euphoria.
Unsurprisingly, top-tier CEXs – including Binance – are looking to capitalize on this opportunity.
Binance – which traditionally is extremely selective with its listings – is now onboarding in-demand meme tokens from every blockchain.
For instance, it has decided to onboard Popcat on its futures platform. Experts believe that Popcat is the next big Solana meme coin which could garner a multi-billion dollar market capitalization.
#Binance Futures will launch USDⓈ-Margined $POPCAT and $SUN Perpetual Contracts at
August 22 2024, 13:00 and 13:05 (UTC) respectively
Read more 
https://t.co/peffrLlfqi pic.twitter.com/sE20R7XNVe
— Binance Futures (@BinanceFutures) August 22, 2024
Similarly, SUN is the top meme coin on Tron while DOGS could be the next viral sensation on Telegram’s TON chain. In fact, some experts are already calling DOGS the next Notcoin.
It is very likely that Binance isn’t done with its meme coin onboardings and more listings could be on the horizon. After all, Binance meme coins tend to lead the bull market, just as Pepe and Floki did earlier this year.
Unsurprisingly, the Popcat and SUN prices have already skyrocketed after the announcement, with the latter currently up by 33% over the past 24 hours.
Why Base Dawgz Could Be The Next Binance Listing?
As previously mentioned, rumours are circulating that Base Dawgz (DAWGZ) could be the next meme coin to land on top-tier exchanges, including Binance.
After all, Binance recently listed Brett coin on its futures platform, the top meme coin on the Base chain.
#Binance Futures will launch USDⓈ-Margined $BRETT Perpetual Contract at August 20 2024, 10:35 (UTC)
Read more https://t.co/PL9Cl0OX1m pic.twitter.com/8JOnCSN6oQ
— Binance Futures (@BinanceFutures) August 20, 2024
There has been growing speculation that Base meme coins could be in high demand in the upcoming meme coin mania, largely due to BRETT’s success. Now, some experts believe that Base Dawgz could be the next big meme coin on the Base chain.
If Binance and other top-tier exchanges are seeing high upside potential in Base, DAWGZ could be one of their targets.
After all, Base Dawgz is a high-utility meme coin. Through innovative concepts such as share-to-earn and refer-to-earn, it has managed to build strong community backing. There is a reason why its presale has raised nearly $3 million in a few short weeks.
Additionally, it is a multi-chain meme coin, which will go live on Base, Ethereum, Solana, BNB Smart Chain and Avalanche. This is the perfect strategy for maximum visibility and adoption.
Considering that the DAWGZ presale is in its final stages, top-tier CEX listings – including Binance – could be next for the meme coin.
Visit Base Dawgz Presale
*Cryptonomist did not write the article or test the platform.
