Binance Lists Memecoin; But Where Did MEME Go?
Memecoin saw major on-chain activity and exchange deposits following its high-profile Binance listing. On-chain analytics firm Lookonchain provided detailed breakdowns of Memecoin’s tokenomics and post-listing token movements.
According to Lookonchain, the total supply of Memecoin is 69 billion tokens. 8,797,500,000 MEME were circulating initially when Memecoin was listed on Binance, equaling 12.75% of the total supply.
The team provided a full token distribution analysis:
- Total Supply: 69 billion MEME
- Initial Circulating Supply: 8,797,500,000 MEME
Lookonchain also outlined the token allocation percentages:
- Binance Launchpool – 2%
- 1.38 billion MEME
- Community Fire Sale – 11%
- 7.59 billion MEME
- Investors (Private Sale) – 12%
- 8.28 billion MEME
- Airdrop – 25%
- 17.25 billion MEME
- Ecosystem – 30%
- 20.7 billion MEME
- Advisors – 3%
- 2.07 billion MEME
- Contributors – 17%
- 11.73 billion MEME
Post-listing MEME movements
Lookonchain analyzed on-chain data, tracing Memecoin’s flow after listing:
- The team provided 10 million MEME as liquidity on DEXs.
- Approximately 670 million MEME worth $15 million was deposited on exchanges including Binance, OKX, Bybit, KuCoin, Gateio, and Huobi, likely for market making.
- Of the top 10 airdrop recipients, seven deposited around 214.88 million MEME worth $4.8 million in exchanges.
- Significant portions of the private and presale allocations also flowed into exchanges after listing.
The listing of Memecoin on Binance has brought the token into the limelight. Taking a closer look at Binance reveals that the 24-hour low price of MEME was $0.00100, exhibiting a +2743% surge after the listing.
MEME is currently trading at $0.028439 at press time, with the prices exhibiting notable volatility. Investors and traders should stay cautious during this period, as the price could go in either direction.
