Binance's confirmation that it would list three meme coins—Neiro, Turbo, and Baby Dogecoin—has energized the cryptocurrency community. The announcement caused significant price fluctuations for each coin, with mixed market reactions.
Binance will open trading for NEIRO/USDT, TURBO/USDT, and 100000BABYDOGE/USDT on September 16, 2024 at 10:00 UTC.
Baby Doge surges up to 45% after Binance announcement
Neiro, also known as "Doge's Little Sister," launched on the Ethereum blockchain , sparking significant interest within the community following the emotional announcement from its owner, Kabos .
Turbo bills itself as a meme coin designed by AI for humans. Meanwhile, Baby Dogecoin, originating from the Doge meme community, focuses on creating a fun atmosphere and raising awareness for animal adoption.
Read more: 7 Hot Meme Coins and Altcoins to Watch in 2024
Immediately following its listing , Nairo's value surged by 18%, but later stabilized at 3%. Turbo, on the other hand, maintained a steady 9% gain. However, Baby Dogecoin experienced the most dramatic growth, surging by over 48% after the announcement and maintaining a 44% gain at the time of writing.
Binance cautioned users about the volatility associated with these newly listed meme coins. They advised users to conduct thorough research and appropriate risk management before trading.
“NEIRO, TURBO, and 100000BABYDOGE are relatively new tokens and carry higher than usual risks and are subject to high price volatility,” the cryptocurrency exchange stated .
Additionally, Binance has applied a "seed tag" to these tokens, indicating they may carry higher volatility and risk.
To trade these tokens, users must pass a quiz every 90 days. This quiz is designed to ensure users understand the associated risks.
Read more: Binance Review 2024: Is It the Right Cryptocurrency Exchange for You?
In addition to educational measures, Binance has enabled features like trading bots and spot copy trading for these tokens. These features will be available within 24 hours of the token listing.
