These meme coins explode after listing on Binance: details

TL;DR

Three meme coins made big gains after Binance added new trading pairs. Conversely, Bitcoin, Ethereum and major meme coins like Dogecoin and Shiba Inu fell amid broader market declines. Binance fueled a major bomb

The cryptocurrency market has lost ground in the past 24 hours following reports that Donald Trump survived a second assassination attempt. Bitcoin (BTC) lost the $60,000 level, currently trading around $59,000, while Ethereum (ETH) dropped below $2,300.

However, some meme coins defied the negative trends, registering impressive price increases. Namely, these are Baby Doge Coin (BABYDOGE), Turbo (TURBO) and Neiro (NEIRO). NEIRO’s progress was the biggest, with its valuation soaring more than 500% on a daily basis and reaching a new all-time high. BABYDOGE witnessed a 50% increase, while TURBO increased by 12%.

Price NEIRO, Source: CoinGecko

The resurgence came shortly after Binance listed the following trading pairs on its platform: NEIRO/USDT, TURBO/USDT and 1MBABYDOGE/USDT.

“Trading Bots and Spot Copy Trading will be enabled for the said token within 24 hours of its listing on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them on the (Personal Pair Preference) section of the Spot Copy Trading settings,” the exchange added.

It is worth noting that Binance added the meme coins with seed tags. Assets in this section represent “innovative projects that may present higher volatility and risks” compared to other listed tokens. The company warned users to do proper due diligence before jumping on the bandwagon.

It later revealed that the new trading options will be restricted to eligible users. Some of the countries and regions where the service is not yet available include the United States, Canada, Cuba, Iran, the Netherlands, and more.

The rest of the memes bleed a lot

Recently introduced meme coins on the Binance platform are among the few chart gainers in the last 24 hours. Niche’s market cap is down 3% daily, with Mog Coin (MOG) and Sundog (SUNDOG) among the worst performers, falling by double digits.

The leaders, Dogecoin (DOGE) and Shiba Inu (SHIB), are also in the red. The former’s price fell 3% daily and is currently trading around $0.10, while its main rival is down 3.5%.

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