One Solana (SOL)-based memecoin goes parabolic after incomes sudden assist from Binance, the world’s largest crypto change.
Binance introduced futures contracts within the USDT buying and selling pair assist for Comic (BAN), which soared to a brand new all-time excessive of $0.378 on Monday.
BAN has since retraced and is buying and selling for $0.292 at time of writing, up greater than 1,600% from its low in early November of $0.017. With a market cap of $287.4 million, BAN is the 275th largest crypto venture.
In accordance with the venture’s web site, the memecoin was impressed by the 2019 paintings titled “Comic” by Italian artist Maurizio Cattelan. The paintings, which featured a banana taped to a wall, bought at Sotheby’s for $120,000.
“This satirical cryptocurrency doesn’t simply ask consumers to put money into a coin; it invitations them to think about their very own participation in a brand new meta pushed by humor, hype, and, sometimes, the absurd. Comic turns into not solely a foreign money however a cultural critique, embodying each the ingenuity and absurdity which have come to outline meme tradition within the digital age. By means of this coin, the spirit of Cattelan’s banana lives on, daring members to think about the place true worth lies in artwork, finance, and the very memes that seize the zeitgeist.”
Binance additionally introduced futures contracts within the USDT buying and selling pair assist for decentralized cloud computing altcoin Akash Community (AKT).
AKT is buying and selling for $3.74 at time of writing, up 12.8% within the final 24 hours.
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