One Ethereum (ETH)-based memecoin is hovering by triple digits after a sudden itemizing by Binance, the world’s largest crypto buying and selling platform by quantity.
As Binance introduced on Monday spot buying and selling help for First Neiro (NEIRO), dubbed by the undertaking as “the official sister of DOGE,” the altcoin rallied greater than 965%.
NEIRO at present has a market cap of $170.3 million and is buying and selling for $0.0004089 at time of writing.
Binance additionally introduced the itemizing of two different memecoins on the Ethereum blockchain, synthetic intelligence (AI)-inspired Turbo (TURBO) and Child Doge Coin (BABYDOGE).
Turbo is buying and selling for $0.004737 at time of writing, up greater than 20% within the final 24 hours. With a market cap of $329 million, Turbo is the 177th largest cryptocurrency.
In the meantime, Child Doge Coin at present has a market cap of $301.7 million and is buying and selling for $0.000000001994 at time of writing, up 80% on the day.
Says Binance,
“Binance will listing First Neiro on Ethereum (NEIRO), Turbo (TURBO), Child Doge Coin (1MBABYDOGE) and open buying and selling for the next spot buying and selling pairs at 2024-09-16 10:00 (UTC). New Spot Buying and selling Pairs: NEIRO/USDT, TURBO/USDT, 1MBABYDOGE/USDT, customers can begin depositing NEIRO, TURBO, 1MBABYDOGE in preparation for buying and selling one hour later. Withdrawals will open at 2024-09-17 10:00 (UTC).”
Binance is attaching a seed tag to all three memecoins, which the trade applies to lower-liquidity initiatives that will exhibit greater volatility in comparison with different listed tokens. Binance requires customers who personal property with seed tags to move quizzes each 90 days to make sure they’re conscious of the dangers earlier than buying and selling the tokens.
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