Binance has implemented new USDC trading pairs for ACT, NEIRO, and PNUT. The prices of these meme coins are expected to undergo a significant increase.
On Monday, Binance, the world’s largest cryptocurrency exchange, expanded its support by introducing three new USDC pairs for margin trading. The platform now offers cross-margin and isolated-margin trading for the following new meme coin pairs: ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO).
Binance Margin Expands to Include ACT, NEIRO, and PNUT Pairs
Binance Margin has included three new USDC trading pairs—ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO)—in an official announcement dated November 18. Users now have the opportunity to leverage their positions by trading these pairs in both cross-margin and isolated-margin scenarios.
The new trading pairs are as follows:
- Cross-margin trading pairs: ACT/USDC, NEIRO/USDC, and PNUT/USDC
- ACT/USDC, NEIRO/USDC, and PNUT/USDC are isolated-margin trading pairs.
This announcement follows Binance’s initial listing of ACT, NEIRO, and PNUT on its spot market on November 15. This action is being implemented amid a 100% price increase for ACT, a 330% increase in PNUT within a week, and a slight decline of 12% for NEIRO. These new features are anticipated to draw in more traders to Binance Margin and stimulate interest in meme coin trading.
Amid meme coin mania, will the prices of ACT, NEIRO, and PNUT experience an explosion?
Including ACT, NEIRO, and PNUT tokens in Binance Margin could generate substantial price fluctuations, given the continued dominance of the top meme coins in the crypto market. The recent increase in the popularity of meme coins has attracted the attention of both retail and institutional traders.
ACT is trading at $0.6326, representing a 2% increase in the past 24 hours. The daily price of the token fluctuated between $0.6142 and $0.6909. ACT is one of the most notable meme coins, as it has experienced a remarkable 2,200% increase in the past month. ACT is popular among traders interested in high volatility and potential short-term gains, as evidenced by its $372 million 24-hour trading volume.
NEIRO has experienced a 1.5% increase in the past 24 hours and is currently trading at $0.002117. Between $0.002042 and $0.002281, the daily high and low prices were observed. NEIRO has experienced a more consistent growth trajectory compared to other meme coins, as evidenced by its 7.6% increase over the past month. NEIRO has maintained a consistent level of interest even though its growth has been more moderate than other meme tokens, with a 24-hour trading volume of $629 million.
Peanut the Squirrel is trading at $1.67, representing a 4% increase in the past 24 hours. In the past month, the coin has experienced an extraordinary 3,000% increase, indicative of the significant speculative interest it has garnered. Its 24-hour trading volume is an impressive $1.63 billion, and its daily price fluctuated between $1.511 and $1.934. PNUT is attracting the attention of traders seeking to profit from its extreme price volatility.