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Can Gotbit get your Solana Meme Coin on Binance?
By: Tree Fitty
December 27, 2023 5:48 AM / 0 Comments
Binance is the largest crypto exchange in the world. But getting a meme token like $BONK, $ANALOS, or $BOK on Binance is no easy feat. This article analyzes Gotbit as a way to get Solana meme coins to list on Binance.
Binance Numbers
At the time of this blog, Binance had an astronomical trading volume of over $18 billion in 24 hours. This is almost six times the number two exchange Coinbase. Much of this can be attributed to spot trading.
At the end of 2022, Binance had 128 million users. As a comparison, Coinbase had 108 million.
Find more Binance statistics here
But for those of us that meme, Binance represents the Valhalla of success. Binance is the dream of anyone trying to turn a startup into a globally recognized brand.
However, getting listed on Binance is no easy feat.
Gotbit Hedge Fund
Gotbit is a performance driven market making hedge fund that utilizes a trading desk and AI software to generate profit or price appreciation for its customers.
Gotbit also works collaboratively with numerous crypto companies like Kucoin, Gate.io, Bybit, and, yes, Binance. So is Gotbit a link to making it to Binance?
Solana Meme Coins
Solana has recently taken the digital asset world by storm. The price of $SOL has risen around 400% in three months. The NFT community, previously infatuated with Ethereum, has now begun to say SOL killed ETH. But let us look at the meme coins.
If you check DexScreener, a chain aggregator that monitors new tokens, you will notice a large amount of new Solana tokens. A few days before this blog, it was almost all Solana tokens. Are they succesful?
The following portion of this post will assume Binance and its competitors as measurements of success. It will stick to tokens partnered with Gotbit as a means to analyze the question, "Is Gotbit a link to getting Solana meme coins listed on Binance?"
Bonk
Bonk was introduced as the first dog-themed meme token to launch Solana on December 25, 2022. Roughly a year later, $BONK is listed on Binance.
After hovering around a two million marketcap for much of the year, Bonk reached roughly a two billion dollar market cap in December of 2022.
#1000X
This is meme coin success. Should Bonk stop here? Definitly not. But what Bonk has accomplished so far is definitely a success.
Bonk partnered with Gotbit.
analoS
analoS is literally a meme with a roadmap that says they will list on FTX. analoS is Solana spelled backwards.
The $ANALOS token reached an all time of about $220 mill around 4:20 my time and had $112 million dollars in trading volume that day.
In one case, one trader turned $900 into $3.47million with Analos.
Again, Analos is a Solana meme token that partnered with Gotbit.
analoS currently has not been listed on Binance.
Bonklana
Bonklana is Bonk + Solana. If Bonk is the Doge of Solana, Bonklana seeks to be Baby Doge.
Bonklana recently fair launched with thirty-something thousand dollars in liquidity.
The most recent Bonklana news is a partnership with Gotbit.
At the time of this post, $BOK sits around a $2 million market cap.
Is Bonklana the next analoS? Is it a baby Bonk? Will it go on any centralized exchanges?
Only time will tell but $BOK gives us the opportunity to watch Gotbit go to work early on.
Solana is Trending, Binance is King, is Gotbit the Link?
The Solana hype is real. Could it flip ETH? Maybe it doesn't matter. Unless you are a global crypto currency exchange. Then you want as much volume as possible.
What does Gotbit bring? Volume. What do quality meme coins bring? Volume.
Bonk paved the way. Possibly, analoS and the lower cap meme coin Bonklana will be additional evidence that Gotbit is a link to Binance.