Solana-Based Meme Coins Make Waves with Binance Listings
Solana-based meme coins are gaining traction among crypto investors and have recently achieved a major milestone by securing listings on Binance, the world’s largest cryptocurrency exchange. This development highlights the growing acceptance and popularity of meme coins within the crypto community.
Myro and WIF Listed on Binance
Binance announced that it will be adding two new meme coin trading pairs to its Futures platform. These coins are PEPE and MYRO, both of which have garnered significant attention in recent times. While PEPE already has a trading pair on the platform, Binance is introducing a PEPE/USDC pair to further expand its offerings.
MYRO, on the other hand, is making its debut on Binance with the launch of the MYRO/USDT Perpetual Contract. However, it’s important to note that this listing is currently limited to the futures trading platform and not available for spot purchase on Binance.
Trading Schedule and Reception
The PEPE/USDC Perpetual Contract is scheduled to commence trading on Thursday, March 7, at 08:30 UTC. In contrast, the MYRO pair has already begun trading and has received a warm reception from the market since its launch.
Within just three hours of trading, volumes on the MYROUSDT Perpetual Contract reached nearly $40 million. Additionally, MYRO’s daily trading volume experienced a substantial 185% surge in the last 24 hours, amounting to $329.8 million.
Binance Lists WIF for Spot Trading
Binance also revealed that it will be listing WIF for spot trading with the Seed Tag applied. This announcement follows the recent news that trading platform Robinhood has listed WIF, resulting in a market cap exceeding $1 billion.
Solana-Based Meme Coins Gain Prominence
In the past year, Solana-based meme coins have emerged as strong competitors to their Ethereum counterparts. Two of these coins, BONK and WIF, have already surpassed $1 billion in market capitalization, and MYRO appears poised to join their ranks.
Following the Binance listing announcement, MYRO initially experienced a 50% surge before encountering a minor downturn. However, in the hours following its listing for trading, the meme coin rallied nearly 100% in the last 24 hours. It is currently trading above $0.35 with a market cap of $354 million.
Similarly, WIF also witnessed positive price movement after being listed on Binance, with a 10% increase in the last 24 hours. Its current price stands at $1.89, accompanied by a market cap of $1.9 billion. As for BONK, it has also benefited from the momentum surrounding meme coins and observed a 15% surge in the past day, resulting in a market cap of $3.55 billion.
(Chart from TradingView)
Hot Take: Solana-Based Meme Coins Thrive with Binance Listings
Solana-based meme coins are undoubtedly making waves in the crypto space as they gain widespread acceptance and attract significant investment. The recent listings of MYRO and WIF on Binance further solidify their position as prominent players within this category of cryptocurrencies.
With meme coins continuing to capture attention and generate substantial trading volumes, it will be interesting to see how these projects evolve and whether they can sustain their momentum throughout the crypto cycle.
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