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Binance surprises by listing niche low-cap coins over billion-dollar memes; “Peanut the Squirrel” and “Act I: The AI Prophecy” soar.
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Binance’s listing strategy keeps surprising us – they’ve just overlooked multiple billion-dollar meme coins for two niche low caps.
“Peanut the Squirrel” and “Act I: The AI Prophecy” are the most recent to secure listings, and they’ve both exploded as a result.
Is this a sign that more new meme coin listings could be imminent as the market’s bull cycle continues?
Binance waives listing fees for PNUT and ACT
Getting listed on an exchange as big as Binance usually costs a lot of money, but the market-leading CEX has lifted listing fees to make the process more seamless for new projects.
Binance Co-Founder Yi He revealed on X that the listings were totally free for Peanut the Squirrel and Act I: The AI Prophecy.
This comes just days after the Co-Founder was caught in a debate on X for allegedly overcharging projects to list on the platform.
However, the PNUT and ACT listings took the market by surprise.
Prior to the listings, PNUT held a market cap of $122 million, and ACT was worth just $19 million.
To list these tokens, Binance overlooked a lot of more liquid, higher market cap alternatives.
This is an emerging pattern. Binance also bypassed Neiro Ethereum in September (which was worth over $250 million) for First Neiro On Ethereum (which was worth $15 million).
The exchange argues it lists these lower market cap alternatives since they’re more organic and community-controlled.
PNUT and ACT prices explode on Binance listings
Both meme coins have enjoyed parabolic price action after their listings.
PNUT is now trading at $0.4941, up 22% today and 1,094% this week. It holds a $489 million market cap and a $1.3 billion 24-hour trading volume.
Its trading volume makes it the sixth most-traded meme coin.
ACT has enjoyed even bigger gains due to its lower market cap prior to being listed.
It’s currently trading at $0.5422, up 108% today and 2,465% this week. It has a $504 million market cap and $1.49 billion 24-hour trading volume, making it the fifth-most traded meme coin.
Traders who were invested in either of these tokens before their listings would have notched huge gains.
Which meme coins could be next to list on Binance?
The rise of PNUT and ACT illustrates the massive opportunity for low-cap meme coins.
As mentioned, one of the things Binance looks for is an organic community. Pepe Unchained has that in spades. It’s undergoing a presale, which gives everyone a fair chance of buying at a set price.
The presale has seen $27 million in capital inflows, reflecting huge demand. They’re raising funds to build an Ethereum layer 2 blockchain for meme coins. It’ll be 100x faster and much cheaper than the main network.
We’re currently at the foot of the next bull market, and Ethereum gas fees go sky-high during bullish phases. As such, Pepe Unchained is launching at the perfect time.
Traders expect big gains once it launches on exchanges, with CryptoBoy saying it can 10x.
Crypto All-Stars is another new token that could list on Binance. It’s also undergoing a token presale and has raised $3.4 million so far.
However, this isn’t a meme coin per se. Instead, it’s a staking platform that lets inventors generate passive rewards on meme coins like DOGE, PEPE, and SHIB.
Users must hold STARS to access it, and their rewards depend on how much they have. With Crypto All-Stars, all the top meme coin communities will be united under one token.
The concept is drawing major attention, with Austin Hilton hailing its novel use case and speculating it is “completely unique.”
Binance is making it hard to guess what it will list next, but everything is in place for Pepe Unchained and Crypto All-Stars to have bright futures.
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This article first appeared at crypto.news
