In the year By 2024, 80% of memecoins will be installed after the Binance listing

Cryptocurrency exchange Binance has seen a significant price increase in 2024 for most of the memecoins listed on the platform.

In the year On November 11, anonymous onchain analyst Ai_9684xtpa reported a significant increase in value on X after 12 of the 15 memecoins listed on Binance went live on the exchange in 2024.

Memecoins such as Moo Deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw their value increase by over 200% after their Binance listing, while NEIRO memecoin surged 7,600% after going live.

While most of the listed tokens have seen price increases, some have declined. Mog Coin (MOG), Myro (MYRO) and Book of Meme (BOME) all saw modest declines following their Binance listing.

MYRO had a 33.3% drop in price, while MOG and BOME were down 11.8% and 1.28% respectively.

Most of the listed memecoins are on the Solana blockchain.

The onchain analyst said that by 2024, 60% of the memecoins listed on Binance will be based on the Solana blockchain. Another 26.7% were on Ethereum, with the rest split between Binance's BNB Smart Chain and Base network.

Only five of the listed memecoins are available for spot and futures trading. Analyst Binance is relatively cautious on position details.

Based on the data, the analyst concluded that Binance does not appear to have a market cap requirement for memecoin listing. Their common denominator may be their popularity and community.

Related: FTX Bankruptcy Filed $1.8B Against Binance, CZ

Trump memecoins crashed after winning the election

As the crypto market continues to show gains, Donald Trump-themed memecoins seem to have lost their appeal.

In the year On November 7, Trump-themed memecoins crashed after the president-elect won the US election. MAGA (TRUMP) token tanked by 53% on November 7, MAGA Hat (MAGA) memecoin decreased by 55%. Other Trump memecoins are down 50% to 75%.

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