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 users that deposits for both tokens are now available, which allows users to prepare for trading. But, withdrawals will be starting 10:00 (UTC) on November 12.
#Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied.
Read more 👉 https://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9
— Binance (@binance) November 11, 2024
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, users 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 users that due to regulatory considerations, users 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, PNUT, which rose to fame after the death of Peanut, the Squirrel and 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 joined 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.
