MEME Introduced on Binance Launchpool, Could This Reignite Bullish Sparks For Memecoins Soon?

Bits Logics Team . 28th Oct 2023
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  • Binance announced that they will be introducing the Memecoin (MEME) on Binance Launchpool.
  • This is the 39 project of Binance, allowing users to stake their BNB, TUSD and FDUSD  into separate pools to farm MEME tokens.
  • Binance will list MEME on 3 November, 08:00 (UTC) and open trading with MEME/BTC, MEME/USDT and MEME/BNB trading pairs.

Binance, once again, announced that they will be introducing the Memecoin (MEME) on Binance Launchpool. This is the 39 project of Binance, allowing users to stake their BNB, TUSD and FDUSD into separate pools to farm MEME tokens over 30 days. 

According to the announcement, farming started today at 00:00 (UTC). Moreover, Binance will list MEME on 3 November, 08:00 (UTC) and open trading with MEME/BTC, MEME/USDT and MEME/BNB trading pairs. Reportedly, Memecoin is the native ecosystem token of Memeland and is still in the early stages. Memeland is a Web3 venture studio by 9GAG, one of the most popular meme platforms.

Ideally, traders have seen that tokens after being listed on CEX such as Binance and Coinbase would be experiencing a bullish sentiment. However, when it comes to MEME, it is still yet to be seen whether it would show a similar bullish sentiment. Moreover, traders also need to show an optimistic sentiment for the digital asset for the meme coin to surge.

Currently, the meme tokens seem to be taking a hit as the total market cap is valued at $16,281,068,915, after a fall of 0.19%, according to CoinMarketCap. The trading volume also faced a tumble of 36.37% making its value $938,401,000. Despite the total negative presence in the meme coins market, DOGE, SHIB, and PEPE recorded a spike over the seven days, at the time of writing.

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