Solana-based meme coins MOODENG and GOAT saw significant price increases after CZ’s Binance announced plans to list them on its Alpha incubator program. MOODENG, in particular, jumped more than 60% after the announcement, hitting its peak since January 2025. This spike brings to attention the effect a Binance Alpha listing can have on fledgling crypto projects.
On May 11, Binance announced the second batch of Alpha Projects, which included MOODENG and GOAT. The market reacted immediately, with MOODENG’s market capitalization shooting from less than $140 million to more than $180 million within hours. In just a week’s time, MOODENG’s value increased more than 10 fold. This boom brought Sushiswap an astounding $100 million increase in its total market cap.
The Binance-linked platform saw one of the biggest spikes in activity ever recorded. Daily volume surged to a record $428.3 million, led by tokens such as MOODENG and GOAT. The platform’s total trading volume over the life of the platform is currently ~$279 million. MOODENG hit $0.20 after the announcement.
GOAT similarly saw significant increases after being added to Binance Alpha program. The Solana meme coin market had been a bit sleepy after all of the turbulence like the LIBRA token scandal. This was the cosmos’s newest star’s launch listing roared new lifetime into the Solana meme coin ecosystem.
Binance Alpha, launched in early December 2024, is a platform granting exclusive early access to the most promising Web3 projects. To date, more than 140 projects have been added to the platform, totaling more than $15 billion in merger and acquisition market cap. Dune Analytics indicates the daily volume of the Reddit-linked platform. In the meantime, CoinMarketCap provides excellent information about the projects included on Binance Alpha.
