Binance Lists Solana Memecoins ACT & PNUT on Nov 11

 
Ritu Lavania
Written By 
Ritu Lavania
November 11, 2024

Leading crypto exchange, Binance is set to list two new Solana-based meme coins, Act I : The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) at 10:00 (UTC) today. Trading will open for the spot trading pairs ACT/USDT and PNUT/USDT. 

As per the official announcement, Binance informed s that deposits for both tokens are now available, which allows s to prepare for trading. But, withdrawals will be starting 10:00 (UTC) on November 12.

Binance shared the contract addresses for both the tokens, “ACT (Solana): GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump

PNUT (Solana): 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump.”

Both Solana-based memecoins, Act I : The AI Prophecy (ACT) and PNUT will carry Binance’s Seed Tag, which categorizes them as innovative but higher-risk tokens with potential volatility. Seed Tag implies that for trading these tokens, s must complete a quiz every 90 days on the Binance platform to acknowledge and understand the associated risks.

Furthermore, trading bots and spot copy trading features for PNUT and ACT will begin within 24 hours of listing. 

However, Binance has warned s that due to regulatory considerations, s in certain countries and regions, including the U.S., Canada, and Iran, might not be permitted to trade these pairs. 

As for the market performance for both the tokens, Elon Musk’s tweet, is trading at $0.3805  after a surge of 255.03% in the past day. ACT, on the other hand, is trading at $0.2935 after witnessing a huge jump of 1106.16% .

Solana based memecoins have lately been bullish, and as a cumulative effect of this positive trends, Solana’s native token, SOL ed the $100 billion market cap club and outranked the stablecoin USDC but dipped 1.03% soon after. Even with the slight dip, the token is expected to perform well in the future, if speculations around a SOL ETF filing this week turn out to be true.

Also Read: Raydium Price Soars 30% as Coinbase Announces Major Listing

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.