A recent study by onchain analyst Ai_9684xtpa revealed that 80% of memecoins listed on Binance in 2024 experienced price surges, highlighting the exchange’s powerful impact on the crypto market.
Out of the 15 memecoins listed on Binance this year, 12 saw significant post-listing price increases. Some of the biggest gainers included:
- Neiro (NEIRO) – Pumped 7,600% after listing
- Dogwifhat (WIF) – Gained over 200%
- Popcat (POPCAT) – Also surged more than 200%
- Moo Deng (MOODENG) – Saw massive appreciation
While most memecoins soared, a few bucked the trend. Mog Coin (MOG), Myro (MYRO), and Book of Meme (BOME) all saw declines, with MYRO dropping 33.3% and MOG losing 11.8% of its value.
Solana Dominates Binance Memecoin Listings
The study also found that 60% of Binance-listed memecoins in 2024 were built on the Solana blockchain, further solidifying Solana’s status as a dominant network for meme-based tokens.
Other key stats:
- 26.7% of memecoins were on Ethereum
- The remainder were listed on BNB Smart Chain and Base Network
- Only five memecoins received both spot and futures trading listings
Interestingly, Binance does not appear to have a strict market value requirement for memecoin listings. Instead, the strength of the token’s community and popularity seem to play a larger role.
Trump Memecoins Plummet Post-Election
While most of the crypto market is thriving, Trump-themed memecoins have collapsed following his victory in the US presidential election on Nov. 7.
The MAGA (TRUMP) token crashed by 53%, while MAGA Hat (MAGA) plunged 55%. Other Trump-linked memecoins fell between 50%-75%, indicating that their appeal faded as soon as Trump’s win became official.
This trend follows a common “buy the rumor, sell the news” pattern, where speculative assets surge ahead of a major event and then lose value after the outcome is confirmed.
Memecoin Mania Continues
With Binance listings proving to be a major catalyst for memecoin price action, the hype around meme tokens shows no signs of slowing down. As more community-driven projects gain traction, investors will continue looking to exchanges like Binance for the next big memecoin surge.