A memecoin built on the Ethereum (ETH) network is experiencing a remarkable surge of over three digits due to a recent listing by Binance, the largest cryptocurrency trading platform by volume.
Following Monday’s announcement by Binance of spot trading support for First Neiro (NEIRO), which the project refers to as “the official sister of DOGE,” the altcoin surged more than 965%.
At the time of writing, NEIRO boasts a market cap of $170.3 million and is priced at $0.0004089.
Binance also unveiled two additional memecoins on the Ethereum network: AI-driven Turbo (TURBO) and Baby Doge Coin (BABYDOGE).
Currently, Turbo is trading at $0.004737, reflecting an increase of over 20% in the past 24 hours. With a market cap of $329 million, Turbo ranks as the 177th largest cryptocurrency.
On the other hand, Baby Doge Coin has a market cap of $301.7 million and is valued at $0.000000001994 at the time of this writing, marking an 80% rise on the day.
Binance states,
“Binance will list First Neiro on Ethereum (NEIRO), Turbo (TURBO), Baby Doge Coin (1MBABYDOGE) and open trading for new spot trading pairs on 2024-09-16 at 10:00 (UTC). New Spot Trading Pairs: NEIRO/USDT, TURBO/USDT, 1MBABYDOGE/USDT. Users can begin depositing NEIRO, TURBO, and 1MBABYDOGE in preparation for trading one hour later. Withdrawals will be available starting 2024-09-17 at 10:00 (UTC).”
Additionally, Binance is tagging all three memecoins with a seed tag, which indicates that these lower-liquidity projects may experience greater volatility compared to other listed tokens. Users holding assets with seed tags must complete quizzes every 90 days to ensure they understand the associated risks before trading these tokens.
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