Binance Alpha Boosts Solana Meme Coins
Binance Alpha Fuels Solana Meme Coin Rally
Two Solana-based meme coins, MOODENG and GOAT, experienced substantial price increases following their addition to the Binance Alpha program. This initiative, designed to showcase promising early-stage tokens, significantly boosted both projects' visibility and trading volume.
MOODENG's Impressive Surge
MOODENG, featuring a popular Thai hippo mascot, saw its price surge by over 60% after the Binance Alpha announcement, reaching $0.20—its highest price since January 2025. This followed earlier growth fueled by attention from Vitalik Buterin. The coin's market cap jumped from under $140 million to over $180 million within hours.
GOAT's Significant Gains
GOAT, an AI-focused Solana meme coin, also benefited from the Binance Alpha listing. Its price increased from $0.14 to $0.17 (a 27% gain), nearly doubling over seven days. Its market cap also increased by $100 million.
A Solana Meme Coin Revival?
The success of MOODENG and GOAT on Binance Alpha has reignited interest in the Solana meme coin market, which had previously slowed following controversies. Analysts suggest that Binance Alpha's platform provides increased credibility and could trigger renewed investor activity. Binance Alpha's daily trading volume reached a high of $428.3 million on May 10, 2025, with MOODENG and GOAT significantly contributing to the volume on subsequent days.
Since its December 2024 launch, Binance Alpha has provided early access to numerous Web3 projects, with over 140 projects currently listed, boasting a combined market cap exceeding $15 billion.
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Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct thorough research and seek professional counsel before making any investment decisions.