“Dogecoin Sister” Explodes 965%, Two Other Memecoins Explode After Binance Announces Spot Trading Support

An Ethereum (ETH)-based memecoin is seeing a triple-digit surge after a sudden listing by Binance, the world’s largest cryptocurrency trading platform by volume.

As Binance announced on Monday support for spot trading for First Neiro (NEIRO), dubbed by the project as “DOGE’s official sister,” the altcoin rallied more than 965%.

NEIRO currently has a market cap of $170.3 million and is trading at $0.0004089 at the time of writing.

Binance also announced the listing of two other memecoins on the Ethereum blockchain, artificial intelligence (AI)-inspired Turbo (TURBO) and Baby Doge Coin (BABYDOGE).

At the time of writing, Turbo is trading at $0.004737, up over 20% in the last 24 hours. With a market cap of $329 million, Turbo is the 177th largest cryptocurrency.

Meanwhile, Baby Doge Coin currently has a market cap of $301.7 million and is trading at $0.000000001994 at the time of writing, up 80% on the day.

Binance states:

“Binance will list First Neiro on Ethereum (NEIRO), Turbo (TURBO), Baby Doge Coin (1MBABYDOGE) and open trading for the following spot trading pairs on 2024-09-16 10:00 (UTC). New spot trading pairs: NEIRO/USDT, TURBO/USDT, 1MBABYDOGE/USDT, users can start depositing NEIRO, TURBO, 1MBABYDOGE for trading one hour later. Withdrawals will open on 2024-09-17 10:00 (UTC).”

Binance attaches a seed tag to all three memecoins, which the exchange applies to projects with low liquidity that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass tests every 90 days to ensure they are aware of the risks before trading the tokens.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check price

Follow us on XFacebook and Telegram

Surf the Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: Midjourney