Binance Chief Marketing Officer Rachel Conran offered a new perspective on meme coins, which are often criticized for their lack of practicality.
Speaking on the issue, Conran acknowledged the stigma surrounding meme coins, but highlighted the emergence of projects that incorporate practicality, a feature Binance is looking for in its list. She further stated that Binance's listing process prioritizes community feedback, reflecting the platform's user-focused approach.
Binance Chief Marketing Officer Rachel Conlan said that while meme coins often receive negative press due to their lack of utility, some emerging meme coins do not have the built-in utility that Binance needs. He said that some of them were Additionally, she said the listing process will focus on:
— Wu Blockchain (@WuBlockchain) November 30, 2024
Meanwhile, memecoin trading continues to generate incredible returns for savvy investors. In a notable example, a trader recently turned $15,300 into $1.29 million in just two days on the Base network.
Traders gain strategic benefits
Traders initially purchased $253.63 million worth of FAI tokens for 4.2 ETH (equivalent to $15,300). Over the next two days, they strategically sold $91.8 million in FAI for 106.2 ETH, securing $384,000. Holding the remaining $161.8 million FAI tokens, worth approximately $911,000, the trader's total profit jumped to $1.28 million.
$15.3 million turns into $1.29 million in just 2 days #base!
This trader spent $4.2 $ETH($15.3K) bought 253.63 million $FAI 2 days ago, 91.8 million units have since been sold $FAI For 106.2 $ETH($384,000), remaining 161.8 million $FAI ($911,000).
Total profit: $1.28 million!
Address: https://t.co/0Xh2sS4xayhttps://t.co/iTtcCq2Blt pic.twitter.com/fShKhyMJGu
— Lookonchain (@lookonchain) November 30, 2024
This incredible success story highlights the lucrative opportunities in the meme coin market for those with keen intuition and calculated strategies. It also highlights Base's growing potential as a hub for such high-yield trading.
As memecoins evolve beyond their novelty, incorporating practicality and strong community support could further solidify their place in the broader cryptocurrency ecosystem. . The trend of profitable meme coin trading shows no signs of slowing down as Binance focuses on nurturing such projects.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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