An Ethereum (ETH)-based memecoin is soaring into the triple digits after a surprise listing by Binance, the world's largest cryptocurrency exchange by volume.
On Monday, when Binance announced spot trading support for First Neiro (NEIRO), which the project calls “the official sister of Doge,” the altcoin skyrocketed more than 965%.
NEIRO currently has a market Capital of $170.3 million and is trading at $0.0004089 at the time of writing.
Binance also announced the listing of two other memecoins on the Ethereum blockchain, the artificial intelligence (AI)-inspired Turbo (TURBO) and Baby Doge Coin (BABYDOGE).
At the time of writing, Turbo is trading at $0.004737, up more than 20% over the past 24 hours. With a Capital of $329 million, Turbo is the 177th largest cryptocurrency.
Meanwhile, Baby Doge Coin currently has a market Capital of $301.7 million and is trading at $0.000000001994, up 80% on the day.
Binance said,
“Binance will list First Neiro on Ethereum (NEIRO), Turbo (TURBO), Baby Doge Coin (1MBABYDOGE) and open trading for the following spot trading pairs at 2024-09-16 10:00 (UTC). New trading pairs: NEIRO/ USDT, TURBO/ USDT, 1MBABYDOGE/ USDT, users can start depositing NEIRO, TURBO, 1MBABYDOGE in preparation for trading one hour later. Withdrawals will open at 2024-09-17 10:00 (UTC).”
Binance tags all three of these memecoins as “seeds,” which are projects with lower liquidation that can have higher volatility than other listed Token . Binance requires users who own assets with the “seed” tag to pass tests every 90 days to ensure they are aware of the risks before trading the Token.
