Recently, two unique Solana-based meme coins, MOODENG and GOAT, have taken the spotlight with impressive gains following their inclusion in Binance Alpha, a program designed to highlight promising early-stage tokens. MOODENG alone skyrocketed more than 400% in just a week, hitting its highest price point since January.
Binance Alpha has played a pivotal role in enhancing both projects’ visibility and trading activity, showcasing the power of platform support in the crypto space.
Is Binance Alpha Ushering in a Solana Meme Coin Season?
On May 11, Binance announced a new batch of Alpha Projects that included MOODENG and GOAT, drawing significant attention from the crypto community.
MOODENG draws its charm from a popular Thai hippo mascot, which gained traction after Ethereum co-founder Vitalik Buterin acknowledged it. This initial interest sparked a surge in the coin’s popularity. However, its momentum waned until the recent Binance Alpha listing reignited investor enthusiasm.
Following the announcement, MOODENG witnessed a tremendous surge of over 60%, reaching $0.20 — its highest level since January 2025. The market cap of this coin also rose significantly, jumping from under $140 million to over $180 million in just a few hours.
Meanwhile, GOAT, another innovative AI-focused Solana meme coin, also enjoyed a significant boost. Launched in 2024 by Truth Terminal, this Twitter-based AI chatbot captured the crypto community’s imagination with its unique characteristics and charm.
Since joining Binance Alpha, GOAT’s value climbed from $0.14 to $0.17, marking an impressive 27% increase. Over the past week, its price almost doubled, alongside a market cap surge of $100 million.
These gains have rekindled interest in Solana’s meme coin ecosystem, which had previously experienced a slowdown amid controversies like the LIBRA token incident. Market analysts note that Binance Alpha’s spotlight has restored credibility to the meme coin landscape, potentially kicking off a fresh wave of investor interest.
On May 10, data from Dune Analytics revealed that the Binance-linked platform achieved a staggering $428.3 million in daily trading volume, driven by tokens such as Polyhedra Network’s ZKJ and BSquared Network’s B2.
Today, this trend continues, with Binance Alpha reporting a trading volume of $279 million, largely propelled by MOODENG and GOAT’s impressive performances.
Since its launch in December 2024, Binance Alpha has provided early access to promising Web3 projects. According to CoinMarketCap data, the platform now lists over 140 projects with a cumulative market cap exceeding $15 billion.