Binance Lists AI-Themed Memecoin ACT and PNUT, $20M Cap Tokens, Sparking Trader Strategy Shifts

Nov 11, 2024, 05:48 AM

Binance announced it will list two new low market cap memecoins, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), both deployed on the Solana blockchain, with trading commencing on November 11, 2024, at 10:00 UTC. ACT has a market capitalization of around $20 million. The listing is part of Binance's recent trend of aggressively adding memecoins, with 60% of the 15 memecoins listed this year deployed on Solana and 80% of projects achieving significant market value growth post-listing. This move has prompted traders to consider adjusting their investment strategies, anticipating significant growth in these assets. The crypto community is expressing excitement over the potential impact on AI and technology-themed tokens.