One Ethereum (ETH)-based memecoin is soaring by triple digits after a sudden listing by Binance, the world’s largest crypto trading platform by volume.
As Binance announced on Monday spot trading support for First Neiro (NEIRO), dubbed by the project as “the official sister of DOGE,” the altcoin rallied more than 965%.
NEIRO currently has a market cap of $170.3 million and is trading for $0.0004089 at time of writing.
Binance also announced the listing of two other memecoins on the Ethereum blockchain, artificial intelligence (AI)-inspired Turbo (TURBO) and Baby Doge Coin (BABYDOGE).
Turbo is trading for $0.004737 at time of writing, up more than 20% in the last 24 hours. With a market cap of $329 million, Turbo is the 177th largest cryptocurrency.
Meanwhile, Baby Doge Coin currently has a market cap of $301.7 million and is trading for $0.000000001994 at time of writing, up 80% on the day.
Says Binance,
“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 Spot 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 is attaching a seed tag to all three memecoins, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
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