Why has Binance recently launched many Meme coins?
Recently, Binance has launched Meme coins such as NEIRO, TURBO and BABYDOGE in succession because these coins are very popular in the market.
Some investors are not very interested in traditional VC coins, but have high expectations for Binance.
Data shows that 42 projects have outperformed Bitcoin this year, 11 of which are Meme coins. This shows that Binance's listing strategy can bring wealth effects to a certain extent.
For example, WIF and TURBO launched by Binance rose by 234% and 38.6% respectively after listing.
This wealth effect attracted more users and trading volume, further consolidating Binance's position in the market.
