#MarketPullback

Meme coins, cryptocurrencies inspired by internet memes, are popular on Binance due to their low prices, community-driven hype, and high volatility. Notable examples include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), which thrive on social media buzz and celebrity endorsements. Binance, a leading centralized exchange, lists numerous meme coins, often seeing significant price surges upon listing, as seen with coins like NEIRO and PNUT. These tokens typically lack practical utility, relying on cultural moments for value. Investors face high risks due to price fluctuations and potential rug pulls, necessitating thorough research before trading on Binance.