Two Solana-based meme cash, MOODENG and GOAT, posted substantial beneficial properties after being added to the Binance Alpha program. MOODENG gained over 400% previously week, reaching its highest worth since January.
Binance Alpha, designed to highlight promising early-stage tokens, has considerably boosted each tasks’ visibility and buying and selling exercise.
Is Binance Alpha Ushering in a Solana Meme Coin Season?
On Might 11, Binance introduced a brand new Alpha Initiatives batch that included two Solana-based meme cash, MOODENG and GOAT.
MOODENG, based mostly on a well-liked Thai hippo mascot, gained traction after Ethereum co-founder Vitalik Buterin publicly acknowledged the character. This consideration helped gasoline its early progress, however current momentum had slowed till the Binance Alpha itemizing reignited curiosity.
Following the announcement, MOODENG surged over 60%, reaching $0.20 — its highest stage since January 2025. On the identical time, the meme coin’s market cap rose from below $140 million to over $180 million inside hours of the announcement.
Alternatively, GOAT, an AI-focused Solana meme coin, additionally noticed its fortunes drastically enhance.
The digital asset was conceived in 2024 by Reality Terminal. This Twitter-based AI chatbot loved a large following and curiosity from the crypto neighborhood for its novel traits on the time.
Since becoming a member of Binance Alpha, GOAT’s worth climbed from $0.14 to $0.17, marking a 27% acquire. Over seven days, its worth practically doubled, with a $100 million improve in market cap.
These token beneficial properties have renewed consideration on Solana’s meme coin scene, which had slowed after controversies such because the LIBRA token incident.
Market analysts counsel that Binance Alpha’s highlight has introduced credibility again to the area and will usher in a recent wave of investor exercise.
On Might 10, Dune Analytics information reveals that the Binance-linked platform reached a brand new excessive of $428.3 million in day by day quantity, led by tokens like Polyhedra Community’s ZKJ, BSquared Community’s B2, and SKYAI.
That development has continued at present, with the platform’s buying and selling quantity at $279 million. Notably, MOODENG and GOAT have performed key roles in driving the platform’s quantity at present.
Since launching in December 2024, Binance Alpha has enabled early entry to promising Web3 tasks. CoinMarketCap information reveals that over 140 tasks at the moment are listed with a cumulative market cap of greater than $15 billion.
Disclaimer
In adherence to the Belief Undertaking tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nevertheless, readers are suggested to confirm information independently and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material. Please observe that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.