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What will be the percentage change in PNUT memecoin's market cap by December 31, 2024?
3
Resolution / Starting Odds
Decrease by over 50% • 25%
Decrease by 0% to 50% • 25%
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Increase by over 50% • 25%
Market cap data from reputable crypto market data providers like CoinMarketCap or CoinGecko
Story
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.
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