Binance Memecoin Listings in 2024: Key Trends and Market Reactions

Binance’s 2024 memecoin listings have driven significant price activity, with most tokens experiencing dramatic gains after going live on the platform. However, not all listings saw positive outcomes, with a few tokens declining in value.

Performance Overview of Binance-Listed Memecoins

On November 11, pseudonymous on-chain analyst Ai_9684xtpa revealed that among 15 memecoins listed by Binance this year:

• 12 tokens saw significant price surges, with standout performances from:
  • Neiro (NEIRO): A staggering 7,600% increase.
  • Moo Deng (MOODENG): Over 200% gain.
  • Dogwifhat and Popcat (POPCAT): Both appreciated by over 200%.
• 3 tokens showed price declines, including:
  • MYRO: A 33.3% drop.
  • MOG Coin: Down 11.8%.
  • Book of Meme (BOME): A slight decrease of 1.28%.

Blockchain Distribution of Listed Memecoins

Binance’s memecoin listings this year primarily originate from the Solana blockchain:

• 60% are Solana-based.
• 26.7% are Ethereum-based.
• The rest are distributed across BNB Smart Chain and Base network.

Notably, only five memecoins are available for both spot and futures trading, signaling Binance’s cautious approach to certain listings. The analyst highlighted that popularity and community engagement seem to outweigh market value as listing criteria.

Trump-Themed Memecoins Lose Momentum

While the broader crypto market continues to rally, Trump-themed memecoins plummeted after the U.S. presidential election on November 7. Key declines include:

• MAGA (TRUMP): Fell 53%.
• MAGA Hat (MAGA): Dropped 55%.
• Other Trump-themed tokens lost 50%–75% of their value.

This downturn underscores the volatile nature of political-themed tokens compared to broader market dynamics.