Meme Coin Market Overview
In the past 24 hours, the overall meme coin market has seen a 3.5% drop in market capitalization, falling to $41.2 billion. Despite this downturn, a few meme coins have posted notable gains, with Neiro emerging as the day’s top performer, skyrocketing 327.8% to $0.00019. Other strong performers include Black Agnus (FTW), which saw a 112.1% increase, reaching $0.00003494.
However, the majority of meme coins have struggled, with Cate on ETH (CATE) experiencing the steepest decline, dropping nearly 35% to $0.02684. KOALA AI (KOKO) and Smoking Chicken Fish (SCF) followed close behind, both declining by about 20%. The two most popular meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), also saw losses, each down 3.3%, trading at $0.10208 and $0.00001, respectively.
Binance Lists Three Meme Coins: Neiro, Turbo, and Baby Doge Coin
Amid the volatile market, major crypto exchange Binance has announced the listing of three meme coins—Neiro, Turbo, and Baby Doge Coin—which have notably outperformed the rest of the meme coin sector. Binance opened spot trading pairs for NEIRO/USDT, TURBO/USDT, and 1MBABYDOGE/USDT on September 15 at 10:00 UTC, with withdrawals scheduled to begin on September 17. The listing fee for these meme coins is 0 BNB.
Despite the overall downturn, Baby Doge Coin (BABYDOGE) gained 38.7%, trading at $0.0000000009538, while Turbo (TURBO) increased by 4.5%, trading at $0.00418. Neiro, dubbed the “little sister of DOGE,” has been particularly popular since its launch on the Ethereum blockchain, following the passing of the famous Shiba Inu Kabosu.
Justin Sun Promises “Exciting Week for Tron Memes”
Tron founder Justin Sun announced that this week would bring significant developments for meme coins on the Tron blockchain. In a recent Twitter post, Sun revealed six key updates, including a proposed “significant reduction” in network fees by Tron Super Representatives, which he believes will increase transaction activity. He also hinted at upcoming partnerships with high-profile meme developers, institutions, and celebrities.
Sun’s announcements come amid a decline in Tron’s meme coin market cap, which fell by 8.4%, settling at $518 million. He also highlighted the launch of SunPump Beta, a platform rivaling Solana’s pump.fun, which allows users to create meme coins on Tron without coding.
Pump.fun Surpasses 2 Million Coins and $100M in Revenue
Solana-based platform pump.fun, which allows users to create and trade meme coins, has reached a milestone of over 2 million coins created since its January launch. The platform has generated more than $100 million in revenue, with $105.8 million recorded as of September 15. Its highest daily revenue was $2.41 million on July 29, although recent figures show a decrease, with revenue on September 15 at $287,493.
Pump.fun also accounts for 35.1% of all meme coin launches on the Solana network, though at its peak in August, it contributed to over 67% of Solana’s meme coin launches.
Conclusion
Binance’s listing of Neiro, Turbo, and Baby Doge Coin has injected fresh optimism into the meme coin market, despite overall volatility and losses. Meanwhile, Justin Sun’s announcements and pump.fun’s continued success signal ongoing enthusiasm for meme coins and their growing role in the broader crypto space.
