all41author Memecoin saw major on-chain activity and exchange deposits following its high-profile Binance listing. On-chain analytics firm Lookonchain provided detailed breakdowns of Memecoin’s tokenomics and post-listing token movements.
According to Lookonchain, the total supply of Memecoin is 69 billion tokens. 8,797,500,000 MEME were circulating initially when Memecoin was listed on Binance, equaling 12.75% of the total supply.
Memecoin($MEME) was listed on #Binance 5 hours ago.
What is the tokenomics of $MEME?
What happened on the chain after listing?
Where did the $MEME tokens go?
1/ 🧵
Here is a thread. pic.twitter.com/5LaLdJGMi8
The team provided a full token distribution analysis:
Lookonchain also outlined the token allocation percentages:
Lookonchain analyzed on-chain data, tracing Memecoin’s flow after listing:
The listing of Memecoin on Binance has brought the token into the limelight. Taking a closer look at Binance reveals that the 24-hour low price of MEME was $0.00100, exhibiting a +2743% surge after the listing.
MEME is currently trading at $0.028439 at press time, with the prices exhibiting notable volatility. Investors and traders should stay cautious during this period, as the price could go in either direction.
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