{"id":68238,"date":"2024-01-04T17:21:34","date_gmt":"2024-01-04T21:21:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=68238"},"modified":"2024-01-04T17:22:46","modified_gmt":"2024-01-04T21:22:46","slug":"binance-labs-invests-in-memecoin-token-pumps","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-labs-invests-in-memecoin-token-pumps\/","title":{"rendered":"Binance Labs Invests in Memecoin, Token Pumps"},"content":{"rendered":"\n

In a significant move, Binance Labs, the venture capital arm of Binance, has invested in Memecoin (MEME), the native token of Memeland \u2013 a Web3 venture <\/a>studio spawned.<\/p>\n\n\n\n

\"Binance
Binance Labs Invests in Memecoin, Token Pumps<\/figcaption><\/figure>\n\n\n\n

Binance Labs has invested Memeland, a startup that aims to create and invest in the social economy using its na\u00efve ecosystem currency. The investment's size is kept a secret. Memeland, which debuted on October 27, 2023, became the 39th new launch pool project. <\/p>\n\n\n\n

Users might stake their assets in different pools for a 30-day farming plan to earn MEME tokens by the end of that month, according to a report from Binance. <\/p>\n\n\n\n

Through this effort, those interested in cryptocurrency could participate in a Launchpool for Memeland projects\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and earn MEME token prizes.<\/p>\n\n\n\n

Consequently, in the fall of 2023, MEME emerged as one of the most lucrative tokens. The token's price increased by 2000% after major cryptocurrency exchanges<\/a>, including Binance, OKX, and HTX (previously Huobi), started trading it.<\/p>\n\n\n\n

On January 3, the price of MEME increased by 9% to $0.02702 after the news of the Binance Labs investment. But since then, the token's value has drastically decreased. <\/p>\n\n\n\n

This is due to the collapse of Bitcoin (BTC), which had a 6.2% loss in value in a single day. The alt-coin market also suffered greatly, with many coins seeing a 10% drop.<\/p>\n\n\n\n

\"Source:
Source: CoinMarketCap.<\/figcaption><\/figure>\n\n\n\n

The cryptocurrency market has dropped due to reports that the Securities and Exchange Commission<\/a> (SEC) of the United States might not approve spot Bitcoin ETFs in Q1 2024. In comparison, the meme coin market cap dropped by 12%, and the total market capitalization has dropped by 5.6% for the past day.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a significant move, Binance Labs, the venture capital arm of Binance, has invested in Memecoin (MEME), the native token of Memeland \u2013 a Web3 venture studio spawned. Binance Labs has invested Memeland, a startup that aims to create and invest in the social economy using its na\u00efve ecosystem currency. The investment’s size is kept […]<\/p>\n","protected":false},"author":43,"featured_media":68240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[10412,650,956],"class_list":["post-68238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance-labs-2","tag-memecoin","tag-token"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/croc_1704401851002.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=68238"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/68240"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=68238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=68238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=68238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}