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Is Binance Alpha initiating the season of Solana meme coins?

On May 11, Binance announced a new batch of Alpha projects, which included two meme coins based on Solana, MOODENG and GOAT.

MOODENG, based on the popular mascot of a Thai hippopotamus, gained popularity after Ethereum co-founder Vitalik Buterin publicly acknowledged the existence of this character. This attention helped fuel its early growth, but recently the momentum weakened until the Binance Alpha listing reignited interest.

Following the announcement, the value of MOODENG rose by over 60%, reaching $0.20 — the highest level since January 2025. At the same time, the market capitalization of this meme coin increased from below $140 million to over $180 million within hours of the announcement.

On the other hand, GOAT, a Solana meme coin based on artificial intelligence, also saw a significant improvement in its position.

The digital asset was conceived in 2024 by Truth Terminal. This Twitter-based AI chatbot enjoyed immense popularity and interest from the crypto community due to its innovative features at that time.

Since joining Binance Alpha, the price of GOAT has risen from $0.14 to $0.17, representing a 27% increase. Over the course of seven days, its value nearly doubled, and its market capitalization increased by $100 million.