The cryptocurrency market witnessed a seismic shift on November 11, 2024, as Binance unveiled two new Solana-based meme coins—ACT (Act 1: The AI Prophecy) and PNUT (Peanut the Squirrel)—triggering explosive price movements and reigniting interest in meme-driven digital assets. With both tokens experiencing meteoric rises in market capitalization, the event has been dubbed a “god candle” moment by traders, marking one of the most dramatic listing-day performances in recent crypto history.
This surge isn’t isolated—it reflects broader trends in blockchain innovation, community engagement, and platform influence. As Binance continues to shape market dynamics through strategic token listings, investors are closely watching how these meme coins reflect deeper narratives around artificial intelligence, digital culture, and decentralized communities.
ACT: The AI Prophecy Soars with Community Momentum
ACT, short for AI Community Token, launched in October 2024 via the Pump.fun platform and is built on the Solana blockchain. Initially co-founded by AmplifiedAmp, the project quickly transitioned into a fully community-driven initiative after the original developer exited, selling all associated tokens. Today, ACT stands as a decentralized movement focused on advancing AI literacy, accessibility, and collaborative research.
According to its official vision, ACT aims to democratize AI knowledge and empower individuals worldwide to understand and engage with emerging technologies. This mission has resonated strongly within the crypto ecosystem, where innovation often intersects with grassroots activism and open-source development.
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When Binance announced the listing of ACT at 10:00 UTC on November 11, the market reacted instantly. The token’s market cap skyrocketed by 1,199%, reaching $279 million**, while its price surged to **$0.2861. On-chart analytics from DEX Screener captured what traders refer to as a “god candle”—a sudden, vertical price spike following major exchange news.
One notable trader, linked to the BWEnews team, capitalized on this momentum by swapping $318,000 worth of Solana for 10.9 million ACT tokens just before the listing. Within seconds of trading going live, their position ballooned to **$3 million**, showcasing the immense short-term profit potential during high-visibility exchange launches.
PNUT Pays Tribute to a Viral Icon
While ACT draws strength from technological aspiration, PNUT taps into emotional resonance and internet culture. The token honors Peanut, a squirrel rescued by Mark Longo after a tragic car accident claimed the life of its mother. Longo documented Peanut’s journey alongside Fred, a raccoon companion, on a popular Instagram account that gained widespread attention.
Tragedy struck when officials from the New York City Department of Environmental Conservation reportedly euthanized both animals following anonymous complaints. The incident sparked national outcry, drawing support from animal rights advocates and public figures like Elon Musk, who viewed the act as emblematic of government overreach.
In response, the crypto community memorialized Peanut through digital tribute—minting multiple meme coins, with PNUT emerging as the dominant version on Solana. Within two days of its creation, PNUT achieved $300 million in trading volume and surpassed 200,000 transactions, demonstrating rapid adoption and emotional engagement.
After Binance listed PNUT on November 11, its market cap jumped 208% to $339 million**, with the price stabilizing around **$0.3792. One early investor turned a $2.19 million stake into $10.53 million, realizing an approximate 478% return almost immediately post-listing.
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The Binance Effect: Meme Coins and Market Dynamics
The explosive growth of ACT and PNUT is not an anomaly—it’s part of a larger pattern known as the “Binance leap.” On-chain data analyzed by @ai_9684xtpa reveals that over 80% of meme coins listed on Binance experience significant market cap increases shortly after launch. Some tokens have seen gains exceeding 7,500%, such as NEIRO, highlighting the exchange’s unparalleled ability to drive liquidity and visibility.
A striking trend identified in the analysis shows that nearly 60% of newly listed meme coins are built on Solana, followed by 26.7% on Ethereum, with smaller shares on BSC and Base networks. Additionally, over 80% of these projects feature animal-themed memes, including MOODENG and PNUT—suggesting a new “meme coin meta” is emerging in the wake of Bitcoin’s record-breaking rally past $81,858 on November 10.
Despite this momentum, Binance maintains a cautious stance on spot listings. As of now, only five meme coin projects are available for both spot and futures trading, indicating selective vetting processes and risk management strategies.
Bitcoin Dominance and Altcoin Season Outlook
The timing of these listings aligns with a pivotal moment in macro-crypto trends. Bitcoin Dominance—the ratio of BTC’s market cap to the total crypto market—has stabilized near 60%, according to TradingView data. Historically, such levels can precede an “altcoin season,” where capital begins rotating from Bitcoin into high-potential altcoins.
While Bitcoin remains a gravitational force in the market, its dominance may begin to erode if investor confidence in innovative projects like ACT and PNUT continues to grow. These tokens represent more than speculative plays—they embody narratives around AI empowerment and digital cultural expression—making them compelling candidates for sustained interest beyond initial hype cycles.
Core Keywords:
- Meme coins
- Binance listing
- Solana blockchain
- AI Community Token (ACT)
- PNUT token
- God candle
- Bitcoin dominance
- Altcoin season
Frequently Asked Questions (FAQ)
Q: What caused the 'god candle' effect for ACT and PNUT?
A: The “god candle” refers to a sudden, sharp price spike on trading charts. For ACT and PNUT, it was triggered by Binance’s official listing announcement, which brought instant liquidity, visibility, and buying pressure from retail and institutional traders alike.
Q: Are ACT and PNUT utility-based tokens or pure meme coins?
A: While both carry meme coin branding, ACT has a defined mission around AI education and community collaboration. PNUT originated as a tribute but has evolved into a symbol of digital resistance and online solidarity. Their utility lies primarily in community engagement rather than technical functionality.
Q: Why are so many new meme coins based on Solana?
A: Solana offers fast transaction speeds and low fees, making it ideal for high-volume meme coin trading. Its growing developer ecosystem and compatibility with decentralized exchanges also contribute to its popularity among new projects.
Q: How does Binance influence meme coin performance?
A: A Binance listing provides immediate access to millions of users, enhanced liquidity, and credibility. This often leads to rapid price appreciation due to increased demand and media coverage.
Q: Can we expect more AI-themed tokens like ACT in the future?
A: Yes. With AI becoming central to technological advancement, blockchain projects integrating AI themes—especially those promoting education and decentralization—are likely to gain traction.
Q: Is investing in newly listed meme coins risky?
A: Extremely. While early movers can achieve massive returns, meme coins are highly volatile and often lack long-term fundamentals. Investors should conduct thorough research and consider risk tolerance before participating.
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