Binance Lists Solana Memecoins ACT and PNUT with Seed Tag; Traders Earn Millions

Nov 11, 2024, 06:32 AM

Binance, the world's largest cryptocurrency exchange, has announced the listing of two new Solana-based memecoins, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), with the 'Seed Tag' applied to both. Trading for these coins will open on November 11, 2024, at 10:00 UTC. The listings have caused significant market activity, with traders making substantial profits. One trader reportedly made over $3 million in just one hour by buying 10.9 million ACT tokens for 1,558 SOL (approximately $318,000) after the Binance announcement, now worth $3.4 million. Another top holder of PNUT invested $2.194 million over the past week without selling and, following the listing, has a floating profit of $10.53 million. The listings have sparked discussions within the crypto community about Binance’s strategy of adding low-cap memecoins, with some expressing surprise and others viewing it as a bullish sign for the market.