The crypto exchange giant Binance continues to fuel the meme coin craze with frequent new listings, turning many small-scale investors into crypto millionaires along the way.
Typically, Binance is highly selective with new cryptocurrency listings, rigorously evaluating them on a wide variety of criteria such as community support, market potential, security protocols, and more.
However, the world’s leading exchange is showing a proclivity towards listing decentralized meme coins, with low fully-diluted valuation (FDV). This has sparked a guessing game, with smart money investors racing to secure early positions in potential Binance listings, aiming for outsized returns.
For instance, an early investor in Peanut The Squirrel ($PNUT) turned his $17 into nearly $3 million, a staggering 176,461x return.
5 Potential Binance Meme Coin Listings
In a recent blog post, Binance co-founder He Yi shared insights into the exchange’s listing process and the key factors that it considers.
She signalled Binance’s intent to list projects that “that have users and traffic”. She bemoaned that the exchange failed to pay attention to meme coins in its early days, a mistake it is looking to correct in this bull cycle.
In particular, Binance will give preference to decentralized meme coins with low fully diluted valuations. Indeed, projects like Moo Deng, First Neiro On Ethereum, PONKE, Peanut The Squirrel and Act I: The Prophecy, all had sub-$100 million valuations at the time of their listing.
In this article, we list 5 meme coins that could potentially be listed on Binance next.
Pepe Unchained (PEPU)
Pepe Unchained (PEPU), one of the most hyped presale coins this year, is drawing considerable Binance rumours.
The PEPU presale has already raised nearly $30 million. In comparison, First Neiro On Ethereum and Act I: The Prophecy had $15 million and $20 million valuations respectively at the time of their Binance spot listings.
The FOMO surrounding the meme coin has reached a fever pitch after the announcement that the presale would end on December 4th. Moreover, the announcement also hints at listings ‘major exchanges’, which is further fueling the Binance rumours.
The presale is now adding nearly $1 million daily behind large whale investments. A deep-pocketed whale has now swapped $320k worth of ETH for PEPU. Moreover, the Pepe Unchained presale has now recorded over 100,000 transactions, which fits Binance’s criteria for strong community support.
Recently, Binance Square published an article on its platform, which also discusses Pepe Unchained as a potential candidate for the next meme coin listing on the exchange.
Unsurprisingly, smart money investors are quite bullish on PEPU’s upside potential, owing to its utility-driven nature, attractive staking rewards and strong presale performance. A few crypto influencers are even calling it the next 100x meme coin.