Memecoin

Token

MEME

meme (Ordinals)

<p>Memecoin (MEME) was recently listed on Binance, sparking interest from blockchain analysis firm Lookonchain to investigate Memecoin’s tokenomics and on-chain activity following the listing.</p>
<h2 class="wp-block-heading" id="token-supply-and-distribution">Token Supply and Distribution</h2>
<p>According to Lookonchain, the <a href="https://twitter.com/lookonchain/status/1720430212624867753" target="_blank" rel="noopener noreferrer nofollow">total supply</a> of MEME is 69 billion. On listing, the circulating supply was 8.8 billion MEME, equal to 12.75% of total supply.</p>
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</figure>
<p>Lookonchain provided a breakdown of the token distribution:</p>
<ul>
 <li>2% (1.38 billion <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="MEME" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">MEME</a>) to Binance Launchpool, deposited to Binance 6 days pre-listing</li>
 <li>11% (7.59 billion) for Community Fire Sale at $0.001 per token</li>
 <li>12% (8.28 billion) to private sale investors at $0.001 per token</li>
 <li>25% (17.25 billion) for airdrop campaigns</li>
</ul>
<h2 class="wp-block-heading" id="post-listing-token-flows">Post-Listing Token Flows</h2>
<p>Analyzing the top 10 airdrop recipients, Lookonchain discovered 7 of them quickly transferred 214.88 million MEME (worth $4.8 million) to exchanges after receiving the free tokens.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-analyst-reveals-top-3-ai-cryptos-with-huge-potentials-that-hes-buying-in-november/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Reveals Top 3 AI Cryptos with Huge Potentials that He’s Buying in November</a></li>
 <li><a href="https://captainaltcoin.com/top-analyst-sees-xrp-exploding-to-18-22-heres-his-ripple-outlook/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Sees XRP Exploding to $18.22 – Here’s His Ripple Outlook</a></li>
 <li><a href="https://captainaltcoin.com/etuktuks-mission-towards-zero-emission-paves-tuk-token/" target="_blank" rel="noopener noreferrer nofollow">eTukTuk’s mission towards zero emission paves $TUK token</a></li>
</ul>
<p>Additionally, the Memecoin team moved 10 million MEME to DEXs for liquidity and deposited 670 million MEME (worth $15 million) across major exchanges like Binance, OKX, Bybit, KuCoin, Gate.io, and Huobi likely for market making purposes.</p>
<p>In summary, Lookonchain’s on-chain investigation revealed where Memecoin tokens were distributed before being listed on Binance and that majority of airdropped tokens were swiftly sold, providing insights into the tokenomics and flows.</p>
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<p>The post <a href="https://captainaltcoin.com/memecoins-journey-to-binance-meme-on-chain-data-after-major-exchange-listing/" rel="noopener noreferrer nofollow">Memecoin’s Journey to Binance: MEME On-Chain Data After Major Exchange Listing</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Memecoin’s Journey to Binance: MEME On-Chain Data After Major Exchange Listing

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