The Ethereum layer-2 network Movement unveiled its native cryptocurrency, $MOVE, on Binance via the exchange’s BNB airdrop portal.
It has since been listed on several Tier-1 spot and derivative exchanges, including the Coinbase spot market.
All eyes are now on Pepe Unchained (PEPU), another Ethereum Layer-2 token launching today, December 10th, at 2 PM UTC. The Pepe Unchained chain is designed specifically for cheap, fast and secure meme coin trading on Ethereum.
Its native coin PEPU is also drawing Binance rumours, with prominent investors eyeing up to 100x returns from it.
Is MOVE A Good Investment After Binance, Coinbase Listings?
The MOVE price is off to a strong start following its Tier-1 exchange listings. After all, it is rare for a new cryptocurrency to secure Binance and Coinbase listings on day one.
Starting with a listing price of $0.02 on Binance, the token formed an opening candle of 4250%, trading as high as $0.87. A subsequent breakout from a bull flag structure resulted in an all-time high of $0.14, with a market capitalization of $3.15 billion.
The Movement coin is currently trading at $1, with a $2.25 billion valuation. More importantly, it is currently seeing $6 billion in trading volume, a result of its Binance, Coinbase and other Tier-1 listings.
Movement is a next-gen Layer-2 technology, built on the MoveVM architecture. It is created using Facebook’s Move programming language, which is also behind the Sui and Aptos networks.
Movement’s parallel computation, native modularity and resource-oriented architecture have caught the attention of blockchain tech enthusiasts as well as smart money investors. Considering the success of Layer-1s like Sui and Sei this year, prominent experts believe that $MOVE could offer similar returns in 2025.
However, the project has already drawn criticism from the community. For instance, its airdrop campaign is coming under fire for adding a 0.015 ETH fee for every claim.
CEO of Moonrock Capital Simon (@sjdedic) recently also claimed that the Movement Network’s tech is “underwhelming”, suggesting it to be a duplicate of Aptos. However, Movement Labs co-founder Rushi Manche has pushed back on this narrative, claiming that its extensive work in EVM interpretation, post-confirmations and a cutting-edge sequencer designer separates it from other modular EVMs.
Considering its Binance and Coinbase listings, $MOVE could still be a good long-term investment for the upcoming bull market. However, it is already a large-cap cryptocurrency, with over $10 billion fully diluted valuation (FDV).
New buyers might only see limited returns with MOVE, compared to microcaps like Pepe Unchained, which experts anticipate could deliver up to 100x gains.
Could Pepe Unchained Be The Next Binance Listing?
Pepe Unchained (PEPU) is a high-utility meme coin project that recently completed one of the most successful presales of 2024, raising over $73.7 million.
Its native token – the PEPU meme coin – is going live today, December 10th, at 2 PM UTC.
Pepe Unchained is also launching a Layer-2 ecosystem, designed specifically for meme coin trading. The L2 chain will also investors to benefit from extremely low trading costs, instant transactions and cutting-edge tools like block explorer, custom DEX, advanced analytics dashboard, etc.
The project is also launching Pepe’s Pump Pad, a two-click meme coin launchpad on Ethereum. Unlike most new ERC-20 meme coins that require high trading fees, meme coins launching on Pepe’s Pump Pad will offer all the same benefits as PEPU.
Considering Ethereum’s vast user base, there is no reason why this new meme coin launchpad won’t be just as successful as Solana’s Pump Fun.
As previously stated, the meme coin will go live today, December 10th at 2 PM UTC, after which presale buyers will be able to claim their tokens. Unlike the MOVE coin, Pepe Unchained isn’t dissuading buyers from selling their coins by adding a fee.
Instead, it is offering them double the staking rewards for choosing to stake their coins on the PEPU chain.
Owing to the meme coin’s strong presale performance and in-demand utilities, it is no surprise that it is drawing Binance rumours. Prominent smart money investors are also bullish on its upside potential, with some calling it the next 100x meme coin.
