On November 11th, at 10:00 UTC, Binance added two new Solana-based meme coins to its platform—*Act 1: The AI Prophecy (ACT)* and *Peanut the Squirrel (PNUT)*. Both of these tokens saw a massive surge in their market caps after being listed.

**ACT: Act 1: The AI Prophecy**

The ACT token, which is part of the altcoin project Act 1: The AI Prophecy, experienced a huge boost, with its market cap jumping by 1199% to reach $279 million. At the time of reporting, ACT was trading at $0.2861. Following the Binance listing, the token chart experienced a significant spike, referred to as a “god candle,” indicating a sudden price surge.

One savvy trader from the BWEnews team took advantage of the Binance listing by swapping $318,000 worth of Solana tokens for 10.9 million ACT tokens. Within seconds of the Binance launch, the value of those ACT tokens skyrocketed, turning the trader’s $318,000 investment into a staggering $3 million.

**PNUT: Peanut the Squirrel**

Similarly, PNUT—a meme coin based on Peanut the Squirrel—saw its market cap grow by 208%, hitting $339 million shortly after being listed on Binance. The token, paying tribute to a viral internet squirrel, was trading at $0.3792 after its debut on the exchange.

Another trader managed to turn a $2.19 million investment into a floating profit of $10.53 million thanks to PNUT’s explosive rise. This reflects an astonishing 478% return, all within a short time following Binance’s listing.

**A Growing Trend: Meme Coins on the Rise**

These two tokens are not isolated cases. In fact, about 80% of meme coins that get listed on Binance experience similar gains in their market caps. For instance, another meme coin called NEIRO saw its market cap surge by an incredible 7594% after its Binance debut.

According to analysts, more than 80% of new meme coins listed on Binance are inspired by animals—much like PNUT and other tokens like MOODENG. This trend has sparked talk of a new “meme coin meta” in the crypto world.

Most of these meme coins are based on Solana (about 60%), while around 26.7% are built on Ethereum’s network. A smaller portion can be found on other blockchains like Binance Smart Chain (BSC) and Base.

Despite the rising popularity of meme coins, Binance remains cautious when it comes to listings. As of now, only five meme coin projects are available for both spot and futures trading.

**Bitcoin Dominance Boosting Altcoins**

This surge in meme coin prices may be linked to Bitcoin’s dominance in the crypto market. Earlier today, Bitcoin reached an all-time high of $81,858. Bitcoin often serves as an indicator for the rest of the crypto market, meaning when Bitcoin rises, other altcoins tend to follow suit.

Currently, Bitcoin holds a market dominance of around 60%. If this dominance starts decreasing as investors move their profits into other altcoins, we could be entering what’s known as an “altcoin season.”

**ACT: A Meme Coin with an AI Focus**

Launched in October 2024 through the Pump.fun platform, ACT is a Solana-based meme coin that aims to build a decentralized community around AI research and education. The project is known as “AI Community Token” and seeks to make AI knowledge accessible to everyone.

Initially co-founded by AmplifiedAmp, the developer later sold all their ACT tokens and stepped away from the project. Today, ACT is fully driven by its community, with a mission centered on promoting AI literacy and engagement.

**PNUT: A Tribute to Peanut the Squirrel**

PNUT originates from the story of Peanut the Squirrel—a pet squirrel rescued by Mark Longo after its mother died in a car accident. Peanut became a social media sensation through Longo’s Instagram account, where he shared stories of Peanut and his raccoon friend Fred.

Sadly, Peanut’s life ended after officials from New York’s Department of Environmental Conservation euthanized both Peanut and Fred following complaints. The incident sparked outrage, especially among animal rights activists and political figures like Elon Musk, who criticized it as an example of government overreach.

Following this event, several meme coins were created in Peanut’s honor. The leading token is PNUT on the Solana blockchain. Within just two days of its launch, PNUT reached a trading volume of $300 million and recorded over 200,000 transactions.