George Miller
Binance, a top cryptocurrency exchange, is launching two new meme coins based on Solana: Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). Trading commences at 10:00 (UTC) today with the pairs ACT/USDT and PNUT/USDT available.
According to an official announcement, users can already deposit these tokens to prepare for trading; however, withdrawals will only be available starting November 12 at 10:00 (UTC).
Both meme coins will bear Binance’s Seed Tag, which indicates that they are considered high-risk due to potential price volatility. Users must complete a quiz on the Binance platform every three months to trade these tokens and acknowledge the associated risks.
Additionally, features like trading bots and spot copy trading for PNUT and ACT will be activated within 24 hours post-listing.
It is important to note that some users, particularly from regions like the U.S., Canada, and Iran, may not be able to trade these pairs due to regulatory restrictions.
Regarding market activity, PNUT has recently surged 255.03% to reach a price of $0.3805, partly influenced by the tweet from Elon Musk and the recent death of Peanut the Squirrel. Meanwhile, ACT has experienced a remarkable increase of 1106.16%, trading at $0.2935.
Recently, Solana-based meme coins have shown a positive trend, contributing to Solana’s native token, SOL, entering the $100 billion market cap range, even briefly surpassing the stablecoin USDC before dropping 1.03%. Despite this minor dip, SOL is projected to perform strongly in the coming days, especially with speculation regarding a potential SOL ETF filing this week.