ACT and PNUT Surge on Binance Listing

The meme coin frenzy continues as Binance added two Solana-based meme tokens, Act 1: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), to its platform on Nov. 11, sparking massive interest. Both tokens saw their market caps surge post-listing, with ACT and PNUT tapping into a new meme coin trend driven by AI and quirky internet phenomena.

ACT, also called the AI Prophecy, was created on the Pump.fun platform in October 2024. This meme coin aims to build a decentralized community promoting AI education and accessibility. Upon its Binance listing, ACT’s market cap spiked to $431 million, with trading at $0.4549, showcasing a dramatic “god candle” chart pattern as news of the listing spread. The high trading activity allowed a trader from BWEnews to turn a $318,000 investment in ACT into $3 million within seconds.

Peanut the Squirrel’s Internet Legacy Lives On

PNUT, the Solana-based meme coin inspired by the late internet-famous squirrel Peanut, saw an intense rise in market cap after its Binance debut, reaching $434 million. Peanut gained fame on social media after being rescued by Mark Longo, who documented the squirrel’s life on Instagram. However, a controversial decision by New York City officials to euthanize Peanut and Fred the raccoon sparked public outrage, making Peanut a symbol for animal rights and government scrutiny. This incident fueled the creation of the PNUT token, which saw $300 million in trading volume and 200,000 transactions within two days of its launch.

One early PNUT trader gained a profit of $10.53 million from an initial $2.19 million investment, reflecting a 478% return driven by the excitement around the token’s debut on Binance.

Binance’s Meme Coin Meta and Market Impact

The explosive growth of ACT and PNUT on Binance reflects a broader meme coin trend. This movement, dubbed the “meme coin meta,” has drawn considerable interest in the Solana and Ethereum ecosystems, with around 60% of these new meme tokens being Solana-based and 26.7% on Ethereum.

Binance’s cautious approach remains evident, as only five meme coins, including ACT and PNUT, are available as both spot and futures contracts. Bitcoin’s recent all-time high of $82,338 on Nov. 11 has contributed to the meme coin boom, as rising Bitcoin Dominance could indicate an impending altcoin season, during which gains may flow from Bitcoin to other altcoins.

ACT and PNUT: A Unique Narrative in the Meme Coin Space

ACT’s mission is centered on democratizing AI knowledge. Initially co-founded by AmplifiedAmp, the project has since become fully community-driven, focusing on building a network where AI literacy is accessible to all. The coin’s recent surge underscores the growing interest in AI-themed crypto projects, which are drawing investors eager to support technological progress while participating in the meme coin wave.

PNUT, meanwhile, offers a compelling story rooted in internet culture. The squirrel’s passing brought attention to animal rights and government intervention, inspiring a crypto token that resonated with a wide audience, including influencers like Elon Musk. With an eye-catching story and rapid trading volume, PNUT highlights the power of community-driven tokens in the meme coin market.

The Binance listing of ACT and PNUT reflects a new chapter in the meme coin trend, with projects that combine cultural appeal with decentralized community goals. As Solana-based meme coins gain traction, Binance’s cautious yet supportive role in listing these tokens signals the evolving landscape of crypto trading. With Bitcoin’s surge potentially heralding an altcoin season, meme coins like ACT and PNUT could continue to captivate the market.