Solana-based meme coins MOODENG and GOAT experienced dramatic price surges following their listing on Binance Alpha. MOODENG jumped over 112%, while GOAT saw a 27% increase, attributed to heightened trading activity and community hype. MOODENG's market cap soared from $20 million to over $263 million in a short period, reflecting intense speculation and increased visibility from the Binance listing.
Both coins benefitted from Binance's strategy of showcasing novel tokens, driving renewed interest in Solana's meme coin sector. MOODENG's rapid gains echo previous boom-and-bust cycles seen in similar tokens, with analysts warning about sustainability risks due to a lack of official communication from the project team. Notably, MOODENG's early momentum was further fueled by an association with Ethereum co-founder Vitalik Buterin.
GOAT, known for its AI-driven features and development by Truth Terminal, also gained traction following the listing, with its market cap doubling over the week. The overall positive community response and market revival highlight Binance's significant influence on price action and sentiment within the Solana meme coin niche. However, historical data cautions that such speculative gains can quickly reverse absent ongoing development or institutional backing.