Binance has added three memecoins to its platform:
1. First Neiro on Ethereum (NEIRO)
2. Turbo (TURBO)
3. Baby Doge Coin (1MBABYDOGE)
_Trading Details:_
- Listing date: September 16, 2024
- Trading start time: 10:00 UTC
- Trading pairs: NEIRO/USDT, TURBO/USDT, 1MBABYDOGE/USDT
- Withdrawal start time: September 17, 2024
_Market Performance:_
- Memecoin market down 4% in 24 hours (CoinGecko)
- Baby Doge up 50%, Neiro down 30%, Turbo up 12%
_Seed Tag:_
- Indicates high-risk, high-volatility projects
- Users must complete quiz every 90 days to trade
_Memecoin Market Overview:_
- Market cap: $41 billion
- Dogecoin leads with $15 billion market cap
- Shiba Inu and Pepe follow with $8 billion and $3 billion market caps
_Binance's Dominance:_
- 44% of Q2 2024 CEX spot trading market share (CoinGecko)
The listing aims to capitalize on investor interest and trading volume in the memecoin category.
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