Binance has announced the results of its first community listing vote. The exchange will list four meme coins tomorrow. Initially planned to list only two, but the value of BROCCOLI, Tutorial, and BANANAS31 has increased significantly.

However, Bananas for Scale only increased slightly, and Mubarak actually decreased sharply. This could indicate fatigue in the meme coin space or saturation of assets related to CZ.

Binance Concludes First Community Listing Vote

Binance, the world's largest cryptocurrency exchange, is testing a new solution to determine token listing. After the vote to list Pi Network, the company has introduced a voting-based system for listing and delisting.

Binance's first listing vote began last week, and today, the company announced the winners:

"Following the Listing Vote results and completion of validation, Binance will list Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) and open spot trading for these trading pairs on 27/03/2025 at 21:00 (UTC)," Binance stated in a press release.

Initially, Binance announced that only two of the nine candidates in the first vote would be listed, but four of them are receiving this treatment. Typically, tokens increase in price when listed on Binance, and today, that trend largely continues.

Three of the four meme coins performed well, including Broccoli, named after CZ's dog.

BROCCOLI increased by 65%, and Banana for Scale by 11%. Tutorial was the best performer, increasing by over 200% in value.

However, Mubarak, an emerging meme coin, actually decreased after Binance announced it had won the vote. It is still recording net profits from the past 24 hours, but this immediate drop suggests the news was already priced in.

Is the Community Feeling Tired of Meme Coins?

Despite significant social media attention, Mubarak's price has mainly stagnated in the past ten days, and it was launched 11 days ago. The meme coin market is showing signs of fatigue, and Binance's vote may not be enough to change that.

Some users on social media have pointed out a simpler explanation. Of the four vote winners, three are related to or connected with CZ, the former Binance CEO. This could limit the appeal of these assets in the broader market.

It's important not to overstate the issue. Mubarak decreased after the announcement, but it was expected to be listed. In fact, most winners are fine, although BANANAS31's 11% increase is not particularly encouraging.

If Binance continues to hold listing votes as planned, fewer winners and more unique proposals could help prevent investor fatigue.