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PEPE Coin has disappointed the crypto community after its lack of transparency and embezzlement-related issues. A distant cousin, PEPEFORK (PORK), has entered the market on promises of being different. It’s a distant cousin because PORK is a fork of the PEPE coin, which has the code of PEPE but came with new features. Within 12 hours of launch, it gained $41 million in swap volume, snatching all the attention. But even with this achievement, will PORK get listed on Binance? Let’s have a look into that.
Introducing PORK and Its Market Significance
PORK is a pink frog-themed meme coin that was launched recently in the market. It is being traded at $0.00000035 and has gained a market cap of $290 Million within a week of launch.
Exchanges like Uniswap, Gate.io, and others have already listed PORK on their platforms. Pauly0X created the PORK after the community’s harsh treatment of the PEPE team, as they got accused of lack of transparency, mismanagement, rug pulling, etc. Because of this, he introduced PORK to rebuild, redefine community projects, and introduce future utility.
Pauly0x ran multiple marketing campaigns, and with the promise of transparency, this coin reached its perfect audience. There was a moment when PORK took over the Baby Dogecoin in the 9th position of largest meme coin.
Even some influential people, including Matt Furie, have endorsed PORK. Matt Furie is the artist behind OG Pepe, the frog aesthetic.
Despite garnering the affection and interest of the cryptocurrency community, PORK remains unlisted on Binance. Binance’s approval for a coin matters while predicting the future of a coin.
How Altcoins Listing on Binance Works?
In 2021, Binance CEO Changpeng Zhao revealed various factors Binance considered before listing a token. Binance is the largest cryptocurrency exchange by volume and has listed 403 tokens by now. They seriously consider the number of users the most necessary criterion during listing. Binance also looks at the number of active addresses on the blockchain, code commits, and the audience of altcoin.
In an interview with Forbes, Chan said,
If a coin has a large number of users, then we will list it. That’s the overwhelming significant attribute. Consider for example, meme coins even though I personally don’t get it, if it’s used by a large number of users we list it. We go by the community, my opinion doesn’t matter.
So, if PORK has an adequate number of users and value, it will have a chance to get listed on Binance. At the same time, we need to know that Binance doesn’t need to add every token with an audience because their earnings come from volume rather than listings.
PORK is in demand now, but its shortcomings might hinder it from getting listed on Binance. The altcoin has seen the highs and lows too soon of launch. It reached a market cap of $290 Million impressively, but it also fell to $50 Million within a few days. Other than that, around 420.69T tokens are in circulation, which can dilute its value majorly, pushing it toward inflation.
Conclusion
PORK has made a place in the hearts of meme crypto lovers, but as with any other meme coin, it is prone to fall depending on the trends. If it adds more people to its community while maintaining the adequate traded volume, there’s a good chance of getting added to the Binance exchange. It is a new meme coin, so it might take some time to get stable and added to Binance. Check out the Upcoming Binance Listing For 2024.
The post $PORK: Will the Altcoin be Listed on Binance? appeared first on CoinGape.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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