There has been a major reshuffling in the meme coin market this week as Binance announced new listings inclined First Neiro on Ethereum (NEIRO), Turbo (TURBO), and Hamster Kombat (HMSTR).
Since the listing announcements, the respective tokens have surged in value. Later in this article, we look at what meme coin Binance might list next.
Binance Bypasses Major Meme Coins With Surprising Listing Announcement
If Binance listed based on market cap, Brett, Popcat, and cat in a dogs world were next in line.
However, the exchange has opted for more unconventional listings, which has shaken the meme coin market.
It is no surprise that Hamster Kombat has been listed. The project is at the epitome of mass adoption, with over 200 million users interacting on its Telegram-based Play-to-Earn (P2E) game.
Similarly, Turbo is a respected and top-performing meme coin, although its market cap is significantly lower than that of many others yet to be listed on the exchange.
However, the First Neiro on Ethereum listing has got everyone talking.
Two weeks ago, Binance listed another Neiro-themed token, Neiro Ethereum, for a futures listing. Logically, it seemed a spot listing would follow.
Niero Ethereum had a market cap of around $190 million before Binance’s recent listing announcement.
However, its value has slashed by over 50%, with Binance overlooking it for First Neiro on Ethereum, an obscure copycat token with a $15 million market cap.
First Neiro on Ethereum rallied over 850% in response and now has a higher market cap than Neiro Ethereum.
Onchain Sleuth Zayah highlighted how one trader bought over $300K worth of First Neiro on Ethereum just before the Binance listing and more than doubled his money in six hours.
Binance’s recent listings go to show that the gates are wide open for meme coins of all sorts to be listed. From high-profile P2E games to unorthodox microcaps, everything stands a chance.
Right now, one meme coin showing tons of potential is Pepe Unchained. The project is undergoing a presale, allowing investors to buy in at a fixed pre-market price.
Pepe Unchained Raises $13.5M for Meme Coin L2 Utility – Next Binance Listing?
Investors are showing huge interest in Pepe Unchained’s presale.
The project has raised a whopping $13.5 million, with traders drawn to its industry-first ‘meme coin with layer 2’ use case.
It’s creating ‘Pepe Chain,’ the world’s first Pepe-themed Ethereum layer 2 blockchain. It’ll be 100x faster and much cheaper than Ethereum while also offering features like staking, a block explorer, and an Ethereum bridge.
The project has had a full audit, which attests to its security and increases the likelihood of a Binance listing.
Furthermore, its $13.5 million total raise and support from analysts only strengthens the case for a listing.
For instance, popular crypto YouTuber ClayBro says it is “ready to explode.”
The analyst looked ahead to the upcoming Fed rate cut decision, speculating it could provide a bull market catalyst that enables $PEPU to surge.
Meanwhile, Cilinix Crypto suggested to his 69K followers that Pepe Unchained will 10x after launching.
The project has also attracted significant media coverage from top outlets like CryptoPotato, Cointelegraph, and Coinpedia.
Currently, investors can buy Pepe Unchained at presale for $0.0097284. However, this price will rise throughout the campaign.
With the presale generating around $1m a week and analysts giving their backing, Pepe Unchained could well be primed for a Binance listing in the near future.