Two of Solana’s top meme coins, dogwifhat (WIF) and Myro (MYRO), debuted on Binance today, leading to massive speculation from retail investors.
These listings come as meme coins across the market are catching the eye of prominent exchanges, leading many to wonder if other up-and-coming tokens can replicate their success.
Some are even debating whether the rising Solana meme coin Smog (SMOG) could be next to potentially secure a high-profile Binance listing.
Meme Coin Mayhem on Binance as WIF Secures Spot Listing
Solana-based meme coin sensation dogwifhat has officially debuted on the world’s largest crypto exchange, Binance.
The listing today at 14:00 UTC offers traders several spot pairs for WIF, including WIF/USDT, WIF/BTC, and WIF/TRY.
News of the listing sent a wave of excitement through the crypto community, prompting WIF’s value to rocket by 28% in just two hours.
However, it’s important to note that Binance has applied its “Seed Tag” to WIF.
This indicates that the token is innovative but may be subject to higher volatility and overall risk.
Traders looking to participate in WIF trading on Binance will face mandatory quizzes every 90 days due to this Seed Tag.
Regardless, the listing on Binance is a significant milestone for dogwifhat, which has captured the imagination of crypto investors in recent weeks.
The meme-inspired token has gained a substantial following and now boasts a market cap of $1.7 billion.
This makes WIF the fifth largest meme coin globally, ahead of established tokens like Floki (FLOKI).
Futures Frenzy for MYRO As Token’s Price Pumps
Adding to today’s excitement, Binance isn’t stopping with just dogwifhat.
The buzz continues with another Solana-based meme coin, MYRO, also being unveiled on the Binance exchange.
However, MYRO has landed on Binance Futures instead of a traditional spot listing.
The MYRO/USDT perpetual contract went live today at 08:30 UTC, offering traders the ability to trade the token with up to 50x leverage.
As a result of this listing, MYRO’s price has experienced a surge of around 158%, pushing it to a new all-time high price of $0.382.
While MYRO’s availability on Binance Futures is exciting, the buzz has been tempered slightly since it might not translate to a spot trading listing on the platform.
Despite this, MYRO remains one of the most talked-about meme coins in the past 24 hours, rising to 8th in terms of trading volume.
New Meme Coin Contender Smog Could Be Next to List on Binance After 5,800% Surge
Solana’s meme coin ecosystem continues to heat up, and the latest contender turning heads is Smog.
This fiery new token has burst onto the scene with a unique approach to airdrops, staking rewards, and tokenomics models.
SMOG’s rise has been nothing short of sensational.
Since debuting on the Jupiter DEX on February 7, it has experienced a staggering 5,800% price surge – and a 152% pump in the past week alone.
At the time of writing, its price stands at $0.1182, attracting over 49,000 holders and boasting a fully diluted market cap of close to $170 million.
This rapid growth has cemented its place as one of the hottest meme coins on the market.
A key pillar of SMOG’s success is its community-focused airdrop program, dubbed the “greatest Solana airdrop of all time.”
35% of the SMOG supply is allocated to this airdrop, with community members able to earn airdrop points by holding the token and engaging on platforms like Zealy.
Additionally, SMOG entices holders with a lucrative 42% APY for staking – allowing meme coin lovers to generate passive income.
With these elements in place, could SMOG be next in line for a listing on Binance?
The exchange’s recent listing of meme coins like dogwifhat and Myro certainly sets an exciting precedent.
Only time will tell if Binance decides to list SMOG, but one thing’s for sure – the meme coin frenzy on Solana shows no signs of slowing down.
