3 Hot Memecoins Listed by Binance

It is common for memecoins to be listed on Binance, but listing three memecoins at once is unprecedented. Could Binance have a specific purpose behind this? Before answering that question, let’s look at these three projects.

Turbo: The First AI-Created Memecoin with a Budget of $69

Turbo is a unique memecoin, created by the power of AI through Chat GPT-4 with a budget of just $69. Notably, it is the first memecoin entirely generated by AI, marking a new milestone in crypto.

With a total supply of 69 billion TURBO tokens fully unlocked, the project stands out for its decentralized nature. The contract ownership has been renounced, ensuring no sell pressure or market manipulation.

One of Turbo’s key attractions is that the community plays a central role in shaping the project’s future. Artists and collectors are free to create digital works and contribute to Turbo’s media channels, driving the evolution of the ecosystem.

Another unique feature is that all images associated with the project are open for public use. Users can freely take and use these images for both profit and non-profit purposes, encouraging widespread adoption and creativity.

Turbo is currently listed on over 70 different exchanges and has partnered with prominent names like Animoca Brands, solidifying its position and growth potential in the market.

BabyDoge: A Memecoin with a Mission to Help Dogs and a Diverse Ecosystem

Launched on the Binance Smart Chain in 2021, BabyDoge is more than just a typical memecoin. It carries a meaningful mission: raising awareness about dog rescue and encouraging people to adopt dogs in need. With the core goal of “Saving Dogs,” the BabyDoge community has donated over $1.4 million to organizations supporting dogs in difficult situations.

What sets BabyDoge apart from other memecoins is its robust ecosystem of products, which includes:

• BabyDogeSwap: A decentralized AMM exchange (DEX) built on Binance Smart Chain, providing users with a low-cost platform for trading and swapping tokens.
• BabyDoge NFT Marketplace: A marketplace where users can buy and sell NFTs using the BABYDOGE token.
• AI NFT Creator: An AI-powered app that allows users to create BabyDoge-themed images.

However, while the total supply of BABYDOGE is an astounding 420 quadrillion tokens, the project does not provide clear information about token unlocks and distribution on its website or in official documents. This has raised concerns about the project’s decentralization.

BABYDOGE’s price has been notably volatile, with several pump-and-dump cycles since its inception. This has added to its allure but also poses risks, common in the world of memecoins.

Neiro: The Dogecoin Successor Making Waves in the Meme Coin World

On July 29, 2024, Neiro emerged as a spiritual successor to Dogecoin, inspired by Neiro, the newly adopted dog of Atsuko Sato, who was also the owner of Kabosu, the iconic DOGE mascot who passed away in May 2024.

Around this time, numerous meme coins named NEIRO surfaced across various networks, such as Base, Ethereum, and most notably Solana, where the excitement was at its peak.

The first NEIRO token was created by the Dogecoin community through the platform “pump. fun“. Shortly after, Ansem, a well-known memecoin KOL on X (formerly Twitter), along with his friends, created a second NEIRO token. Both coins saw explosive growth, reaching market capitalizations of tens of millions of dollars, turning many memecoin enthusiasts into overnight success stories.

However, the NEIRO listed by Binance on the afternoon of September 16 was deployed on Ethereum. This event came with a surprising twist.

On September 6, Binance listed a NEIRO Futures token on Ethereum with the ticker “NEIROETH” (with a market cap of nearly $150 million). Despite the project’s name being NEIRO, Binance used the ticker NEIROETH. Then, on September 16, Binance listed a different NEIRO token for spot trading with the ticker “NEIRO” (with a market cap of $10 million).

The mix-up confused, and the two tokens’ fates quickly swapped:

• The NEIRO on Ethereum, with the ticker NEIROETH, was flooded with long positions, but its price dropped nearly 50%, bringing the market cap down to $85 million.
• Meanwhile, the NEIRO with the ticker NEIRO surged by nearly 1000%, boosting its market cap to $135 million.

Despite Binance providing clear links to official communication channels and the token contracts, many investors failed to double-check and ended up with significant losses in the NEIRO Futures market.

Here’s an overview of the NEIRO token listed for spot trading by Binance:

• The total supply of 420,690,000,000 NEIRO is fully unlocked.
• Neiro is entirely decentralized, with the community driving the project.
• The future goal of Neiro is to increase donations to animal rescue organizations.
• A notable event for Neiro is when Vitalik Buterin transferred all of the NEIRO in his wallet into ETH for charitable purposes. This marks Neiro as the second memecoin that Vitalik has interacted with, following Shiba Inu in 2021.

Neiro continues to make its mark as a significant player in the meme coin space, with a unique mission and strong community support behind it.

What this mean

It’s quite normal for memecoins to be listed on Binance, but listing three memecoins at once is unprecedented. Is Binance trying to start a memecoin wave, or do they have other plans? The truth is, that Binance has their intentions, but it could also be seen as an experiment.

He Yi, the co-founder of Binance, recently shared her thoughts on the evolving landscape of crypto projects. She highlighted three main types of projects currently trending in the market:

1. Telegram Games: Interactive games on Telegram that distribute free tokens through fun activities.
2. Infrastructure Projects: Tech-focused projects building blockchain essentials, often with high Fully Diluted Valuations (FDV) and VC backing.
3. Memecoins: Initially jokes, these cryptocurrencies have gained popularity and significant value.

He Yi emphasized that Binance isn’t trying to push the market towards memecoins. Instead, they’re exploring various projects, including those with low FDVs and widely distributed token holdings, to assess their potential and performance.

By supporting a diverse range of projects, Binance aims to foster innovation and balanced growth in the crypto space, contributing to sustainable market development.

We’ve gained some insight into Binance’s intentions, but why were these particular coins chosen? What makes these three memecoins “hot”? In reality, they may not have standout features, but from the writer’s perspective, they were selected for a few key reasons:

• Turbo: The first memecoin created entirely by AI, representing a major milestone as the AI trend continues to gain momentum in various industries.
• BabyDoge: While it is a memecoin, BabyDoge brings real value to the community by focusing on helping less fortunate dogs find better living environments and increasing their chances of adoption. Additionally, BabyDoge has built a well-structured ecosystem with long-term potential.
• Neiro: Perhaps the most promising of the three. Initially inspired by Dogecoin, Neiro stands out for its charitable mission, aimed at raising funds for animal rescue organizations. This socially-driven focus caught the attention of Vitalik Buterin, who converted his NEIRO holdings to ETH for charitable purposes, further solidifying the project’s appeal.

KEYRING PRO Wallet – An Efficient Asset Management Tool

Every day, it’s estimated that dozens of new tokens or coins are created, with over 2 million different types of tokens already on the market, and the number continues to grow. That’s why you’ll need a Web3 wallet that’s not only easy to use and manage but also versatile, offering many useful features.

And KEYRING PRO Wallet is exactly what you’re looking for.

• KEYRING PRO Wallet gives users the freedom to add new tokens and chains with ease. This allows for flexible management of tokens that haven’t yet been listed on exchanges.
• Organize your assets by value: easily track which of your assets are increasing or decreasing in value.
• Create wallets on multiple chains: for playing with memecoins, you can easily create accounts on the necessary chains and categorize them by chains.

Download KEYRING PRO Wallet today and experience the Web3 wallet made for you!   

 

More for you:

Will the Tap-to-earn Trend last? – KEYRING PRO

3 Promising Passive Airdrops – Easy, Free, and Effortless! – KEYRING PRO

How to Claim deBridge Airdrop (DBR) with KEYRING PRO Wallet – KEYRING PRO