![Memecoin Surges 31.56%: Is MEME Set to Dethrone the OG Dogecoin?](https://captainaltcoin.com/wp-content/uploads/2023/11/image-74.png)
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.
What you'll learn 👉
Token Supply and Distribution
According to Lookonchain, the total supply of MEME is 69 billion. On listing, the circulating supply was 8.8 billion MEME, equal to 12.75% of total supply.
![](https://captainaltcoin.com/wp-content/uploads/2023/11/image-75-1024x956.png)
Lookonchain provided a breakdown of the token distribution:
- 2% (1.38 billion MEME) to Binance Launchpool, deposited to Binance 6 days pre-listing
- 11% (7.59 billion) for Community Fire Sale at $0.001 per token
- 12% (8.28 billion) to private sale investors at $0.001 per token
- 25% (17.25 billion) for airdrop campaigns
Post-Listing Token Flows
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.
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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.
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.
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