New Memecoin Price Skyrockets After Surprise Binance Listing

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Cryptodnes2024/11/19 13:44

By:Cryptodnes

A Solana-based memecoin has seen explosive growth after gaining support from Binance, the world's leading cryptocurrency exchange.

The coin, Comedian (BAN), skyrocketed to a new all-time high of $0.378 following Binance’s announcement of futures contracts in the USDT trading pair. Although it has since pulled back to $0.292, BAN is still up over 1,600% from its early November price of $0.017. With a market cap of $287.4 million, it now ranks as the 275th largest crypto project.

The memecoin draws its inspiration from Italian artist Maurizio Cattelan’s 2019 artwork, Comedian, which famously featured a banana duct-taped to a wall and sold for $120,000 at Sotheby’s.

The creators of Comedian coin aim to blend humor, hype, and cultural critique into a digital asset, reflecting the absurdity and ingenuity that often characterize meme culture. Through this project, they challenge investors to think critically about the value of art, finance, and the memes that define modern digital culture.

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In addition to Comedian, Binance also unveiled futures contracts for Akash Network (AKT), a decentralized cloud computing project, further expanding its offerings in the crypto space.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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