Two Solana (SOL)-Based Memecoins Go Parabolic After Earning Sudden Support from Binance, the World's Largest Crypto Exchange

Binance announced spot trading support for Act I:The AI Prophecy (ACT), triggering more than a 2,224% explosion early on Monday.

Solana (SOL) memecoins Act I:The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) have skyrocketed after earning support from Binance.

Binance announced spot trading support for ACT, sparking a 2,224% surge.

At the time of writing, ACT trades at $0.486, having risen from a 24-hour low of $0.0191. With a market cap of $456 million, ACT is now the 183rd largest crypto project.

The exchange also listed memecoin Peanut the Squirrel (PNUT), which is also Solana-based. At the time of writing, PNUT trades at $0.39, up 320.8% over the last 24 hours. The token boasts a market cap of $390.7 million.

Binance is denoting both ACT and PNUT with a seed tag, which the exchange assigns to lower-liquidity projects that may be more volatile than other listed tokens. To trade tokens with seed tags, the exchange requires users to take quizzes every 90 days to ensure they are aware of the risks involved.

According to Ai_9684xtpa, a pseudonymous on-chain analyst, Binance has listed 15 memecoin projects since the beginning of 2024. After being listed, 80% of the tokens experienced significant rallies.

Recently, Binance listed monkey-themed memecoin PONKE, which has surged over 5,000% this year. In September, Binance announced spot trading support for First Neiro (NEIRO), which triggered rallies of over 965% in a matter of hours.

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