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The cryptocurrency exchange Binance saw significant price increases for most memecoins listed on its platform in 2024.
MYRO had a 33.3% price decrease, while MOG and BOME dropped by 11.8% and 1.28%, respectively.
Most listed memecoins are on Solana blockchain
The onchain analyst also said that 60% of the memecoins listed on Binance in 2024 were based on the Solana blockchain. Another 26.7% were on Ethereum, with the remainder split between Binance’s BNB Smart Chain and the Base network.
Among the memecoins listed, only five are available in spot and futures trading. The analyst said Binance is relatively cautious on spot listings.
Based on the data, the analyst concluded that Binance does not seem to have a market value requirement for a memecoin listing. A common denominator may be their popularity and communities.
Trump memecoins drop after election win
While the crypto market continues to show gains, Donald Trump-themed memecoins seem to have lost their appeal.