Binance has dipped into the world of meme coins again by adding NEIRO, BABYDOGE, and TURBO to its trading lineup.
Investors are now speculating about which coin could be next to list on Binance.
And many believe that Pepe Unchained (PEPU) might be the lucky winner.
Binance Welcomes Three High-Profile Meme Coins
Binance announced on Twitter yesterday morning that NEIRO, BABYDOGE, and TURBO would be listed with the “Seed Tag” label.
Trading for these tokens went live at 10am UTC the same day.
Notably, investors could deposit their tokens one hour prior in preparation for them going live on the exchange.
But what exactly are these three meme coins?
First, Neiro (NEIRO) claims to be the “Heir of Doge” and is based on a dog that was adopted by the same woman who owned Kabosu – the original Doge.
Then there’s Turbo (TURBO), an AI-created meme coin that’s been performing well in 2024.
Finally, Baby Doge Coin (BABYDOGE) is a coin created by fans of the Doge community, aiming to spread awareness of animal welfare.
Although these coins aren’t new, Binance is aware of the risks.
The Seed Tag is a heads-up for investors that these coins could be volatile.
Investors must also complete a quiz every 90 days to trade them.
Meme Coin Market Rebounds After Binance Listings
Binance’s announcement has come as the overall meme coin market begins to show signs of life once more.
Most established coins have posted gains in the past 24 hours.
Big names like PEPE and WIF are leading the way, both up over 2%, while DOG has rocketed 12%.
Two of the new Binance coins – NEIRO and BABYDOGE – have posted double-digit gains.
However, there are a few outliers.
DOGE and BONK are both down around 1%.
But the overall picture is bullish, with spot trading volumes jumping to $3.5 billion since yesterday.
While things have been looking grim over the past week, this sudden surge in activity could be the spark that prompts a full-blown revival.
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Author: Felix Mollen