Binance Lists 21st Memecoin $SLERF as Wintermute Expands Its Market Making Dominance in the Space

Binance has introduced its 21st memecoin, $SLERF, adding another significant player to the growing memecoin ecosystem.

Binance has added another memecoin to its platform with the introduction of $SLERF. Here's a closer look at this latest launch and some key insights:

1. Dominating SOL Memecoins: This marks the 13th Solana-based memecoin launched by Binance this year, accounting for an impressive 62% of the network's activity in this category.

2. Wintermute's Track Record: $SLERF is the 16th memecoin created by Wintermute to secure a Binance listing. With such a high success rate, Wintermute has established a strong presence in the memecoin space. Just recently, on November 16, $SLERF was proposed by Wintermute via OKX, leading to a 60% surge in the coin's price within a short span.

3. Market Dynamics: As Bitcoin returns to its all-time high, many popular older memecoins have undergone significant corrections, while new coins like $SLERF are attracting substantial liquidity.

币安上线第 21 个 Memecoin $SLERF ！我愿称之为 —— 树懒社区大胜 Polymarket 赌狗社区（开玩笑，毕竟之前 POPCAT 预测概率是最高的）🤣

有几个关键数据你或许会感兴趣1️⃣ 这是币安今年上线的第 13 个 SOL Memecoin，网络占比高达 62%2️⃣ 这是 Wintermute 做市 Memecoin 中第 16… https://t.co/erZOHsCmv6 pic.twitter.com/HGqI2CQn7B

— Ai 姨 (@ai_9684xtpa) November 21, 2024

$SLERF Token Withdrawn From OKX Exchange

In the past week, Wintermute has withdrawn $940,000 worth of $SLERF from OKX, according to on-chain data. This move comes as reports suggest Wintermute's involvement as a market maker for $SLERF dates back eight months, when the token soared to its peak.

Wintermute 过去 20 小时从 #OKX 提出价值 94 万美金的 SLERF，但事实上：Wintermute 或许早在八个月前 $SLERF 热度最高的时候就已成为其做市商了，这并不是一个「新变化」🔍

除 OKX 外，还有价值 3 万美金的代币是从地址 MfDuW…MGVWa 转移过来的，而这个地址极有可能是属于… https://t.co/6ARswDYHYH pic.twitter.com/PD8D0zZbzg

— Ai 姨 (@ai_9684xtpa) November 15, 2024

Following Binance's announcement of perpetual contracts for $SLERF, a prominent whale made waves by purchasing 6.13 million $SLERF at $0.427, using 10,790 SOL (approximately $2.62 million).

After #Binance announced the launch of $SLERF perps, a whale spent 10,790 $SOL($2.62M) to buy 6.13M $SLERF at $0.427!https://t.co/CBLWYqxmQt pic.twitter.com/GorSr9AYsg

— Lookonchain (@lookonchain) November 21, 2024

As the memecoin market continues to evolve, $SLERF's introduction highlights the growing influence of Binance and Wintermute in shaping this dynamic sector. Investors are closely watching its performance in the coming weeks.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!