Binance has stirred up the crypto community by confirming the listing of three meme coins, Neiro, Turbo, and Baby Doge Coin. The announcement triggered significant price movements for each coin, reflecting the different reactions in the market.
On 2024/09/16, 10:00 UTC, Binance will open trading for NEIRO/ USDT, TURBO/ USDT and 100000BABYDOGE/ USDT.
Meme Coin Prices Spike 45% After Binance Announcement
Neiro, often referred to as ‘ Doge’s little sister,’ was launched on the Ethereum blockchain . This came after a heartfelt announcement by the owner of the famous Shiba Inu , Kabosu, which garnered a lot of interest in the community. Turbo claims to be an AI-designed meme coin for everyone. Meanwhile, Baby Doge Coin , which originated from the Doge meme community, focuses on creating a fun atmosphere and raising awareness about animal adoption.
Neiro's value immediately spiked 18% after its listing, although it has since fallen back to 3%. In contrast, Turbo has maintained a steady 9% gain. However, Baby Doge Coin has shown the most impressive growth, jumping over 48% after the announcement and still holding a strong 44% gain at the time of writing.
Neiro, Turbo, and Baby Doge Coin price charts. Source: TradingViewBinance has warned its users about the volatility associated with these newly listed meme coins. They recommend that users conduct thorough research and practice appropriate risk management before trading.
“NEIRO, TURBO, and 100000BABYDOGE are relatively new Token that carry higher than normal risk and may be subject to high price volatility,”
Cryptocurrency exchange said .
Furthermore, Binance has applied the Seed tag to these Token . This means that they may experience higher volatility and carry more risk than other Token that have been listed. To trade these Token , users must pass tests every 90 days. These tests are designed to ensure that users understand the risks involved.
In addition to educational measures, Binance has enabled features such as trading bots and instant copy trading for these Token . These features will be activated within 24 hours of the Token being listed.
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