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

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.

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.

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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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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