The meme coin season appears to be back on.
While whales are stacking new meme coins like Pepe Unchained, top-tier exchanges such as Binance are onboarding hyped-up projects like DOGS and Brett on a daily basis.
All eyes are now on the Bitcoin price. A recovery in BTC could truly kickstart the meme coin mania, paving the way for investors to net up to 100x returns with early investments.
Binance Futures Lists DOGS Coin
The DOGS coin continues to receive strong support from Binance.
As such, the meme coin had its initial launch on the Binance spot market, before listing on other top-tier exchanges.
Now, Binance Futures – the biggest crypto derivatives exchange in the world – is also listing the DOGSUSD Perpetual Contract, which will start trading on September 10th at 10 AM UTC.
Binance Futures users can now trade DOGS with up to 20x leverage.
Indeed, Binance is heavily promoting the meme coin. Its futures platform is offering 5 million DOGS tokens and 500,000 NOT coins for completing simple social tasks like filling up a survey.
Recently, it also announced a Futures Trading Carnival, offering a share of 40 million DOGS tokens and 5 million NOT in token vouchers to the traders making their first deposits on the platform.
https://x.com/BinanceFutures/status/1830762987126473058
Other top-tier exchanges like MEXC, Bybit and Bitget have also listed the meme coin and are promoting it heavily. There is a reason why DOGS continues to be one of the top trending tokens on CoinMarketCap.
The DOGS price has declined by over 30% over the past week, following its highly successful airdrop campaign and exchange listings. However, the token is now showing impressive resilience.
The meme coin price is up 3.5% over the past day, while BTC has declined by 1% in the same period.
Indeed, experts are bullish on DOGS in the short term.
For instance, a popular crypto trader Captain Faibik (@CryptoFaibik) suggests that the meme coin could see a 40% rally in the coming days. He highlights that DOGS is breaking out of a falling wedge in the hourly timeframe.
Whales Stack Pepe Unchained
While exchanges are on a meme coin launch spree, whales are also stacking new meme coins.
Recently, a whale invested nearly $27k into Pepe Unchained (PEPU), while another purchased $57k worth of the meme coin. These deep-pocketed investors are not the only ones buying PEPU.
Indeed, the Pepe Unchained presale has raised over $12 million in presale funding, defying the bearish trend adopted by the large-cap meme coins.
After all, it is not often that a new meme coin has its own blockchain. Pepe Unchained’s native, ETH-compatible blockchain means its holders can enjoy low trading costs, fast transactions and high staking rewards, features lacking in most new Ethereum meme coins.
In fact, even Pepe doesn’t have its own blockchain and does not offer any staking rewards.
It is therefore no surprise that experts are bullish on PEPU, with some even calling it the next millionaire-maker crypto. Others believe that early presale buyers could net up to 100x returns with Pepe Unchained.
