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AdTOKEN6900: The Successor to SPX6900
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The memecoin world saw no shortage of dramatic price movements and controversial events over the past seven days. Let's recap some of the biggest stories that helped shape the week in everyone's favorite area of cryptocurrency. Through examining both the triumphs and tribulations within the memecoin sphere, we can gain a more nuanced understanding of this fun-loving, yet unpredictable corner of the blockchain universe.
One project that rocketed in value thanks to a major exchange listing was Neiro, a memecoin in the abstract dog-inspired genre of cryptos. On September 16, Binance announced that the Ethereum-based version of Neiro would be added to its spot trading pairs under the ticker NEIRO. The effects were immediate and explosive, as NEIRO's price skyrocketed over 750% according to reports.
Trading volume for the token ballooned to over $220 miillion as excitement around the fresh listing took hold. While gains of this magnitude are sure to attract some frothy speculation, the surge also reflected pre-existing community enthusiasm for Neiro that finally found a larger stage on which to perform. Whether NEIRO can sustain its momentum long-term remains to be seen, but its opening fireworks highlighted Binance's unparalleled ability to move markets.
Staying within the Solana ecosystem, one memecoin that caught fire on purely organic momentum was Popcat. As its name implies, Popcat originated from a simple web game where users tapped a cat to make it pop. Over the week, Popcat's price skyrocketed a sizzling 22% amidst growing interest from investors. This catapulted its value to nearly $1, marking new all-time heights for the quirky crypto.
Technical analysis pointed to Popcat still being in a long-term uptrend, with additional resistance levels to overcome on its quest for the $2 price point. Given its unconventional origins and funky community vibe, Popcat proves smaller memecoins with devoted followings can absolutely thrive without an exchange listing boost. The little popcat that could just kept climbing higher, delivering grins along the way.
Elsewhere in the memecoin world, a few other projects flexed new muscle thanks to exchange debuts of their own. The Binance listing of Baby Doge Coin triggered a robust 59% price pump for the Dogecoin spin-off within 24 hours. And over in Korea, MEW saw big gains upon joining Upbit, with trading volumes multiplying many times over as new investors joined the party.
These listing-inspired surges showed how extra media limelight and accessibility from top exchanges remain fundamentally bullish supply and demand catalysts. It's an validation of projects' dedication to expanding their communities, since exchange owners don't just grant coveted listings without reasonable justification. Memecoins are proving their staying power within the larger cryptocurrency landscape.
Not all listing-adjacent developments were so rosy, however. Binance's launch of First Neiro on Ethereum under the NEIRO ticker sparked confusion and debate due to the similarity with the futures-based Neiro already trading. Critics argued Binance created an unnecessary corporate fork by listing two nearly identical assets without sufficient differentiation or coordination between teams.
Supporters countered there was no initial contractual obligation for integration. Still, the messy aftermath highlighted potential downsides of lax listing standards, even if the short-term price impacts were enormous. The whole saga served as a reminder of cryptos' Wild West realities, where ambitious projects will sometimes collide without uncompromising structure or regulations to guide them.
| New Listings | Exchange | Date |
| Neiro | Binance | September 16 |
| Baby Doge Coin | Binance | September 17 |
| MEW | Upbit | September 15 |
In performance news beyond listings, most top memecoins consolidated or steadily grew, led by Shiba Inu maintaining its burn-focused momentum. One token moving the other direction was Squidgrow, which lost 20% of its value as profit-taking pulled the rug out from recent euphoric highs. Its decline reinforced how even popular community coins live and die by the fluctuating whims of trader sentiment from day to day.
By contrast, Dogecoin completed a technically successful retest of the critical $0.1 support level, adding credence to its ability to continue chipping away in its ubiquitous role as the grandfather of meme-based cryptocurrencies.
Memecoin news between 6 September and 12 September was also on Coinsniper.
To conclude, here is a snapshot of last week's growth, departures and fresh entries in memecoin land through some representative statistics:
| Token | Price Change |
| Neiro | +750% |
| Baby Doge Coin | +59% |
| Popcat | +22% |
| Shiba Inu | +6% |
| Dogecoin | ±0% |
| Squidgrow | -20% |
Last week saw the blossoming of existing memecoins like NEIRO and Popcat coupled with promising new launches like MEW and Baby Doge. Exchanges like Binance played a major role by widening access and awareness, while social chatter continued dreaming up price scenarios. Stay tuned for more recaps on CoinSniper as the wacky world of memecoins continues evolving at warp speed.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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