- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Binance Launches New Round of Voting, Off-Exchange Vote Manipulation Reaches New Heights
Original Article Title: "Binance Launches New Coin Listing Vote, Off-Exchange Vote Manipulation on the Rise"
Original Article Author: Asher, Odaily Planet Daily
Binance Initiates Second Round of Coin Listing Vote
Listed Tokens and Market Cap Overview
According to official sources, Binance has started the second round of its coin listing vote, which will last until April 10. Users can participate in the vote at Binance Square, and the winning project will be listed for spot trading after review. The candidate tokens include: VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, PLUME, totaling 12 popular crypto projects.
Unlike the first round where most candidate tokens were meme projects and all were BNB Chain ecosystem tokens, the projects in this round cover various tracks such as AI, DeFi, infrastructure, RWA, etc. This may indicate that the coin listing vote mechanism will become a regular listing method for Binance. As of the time of writing, according to on-chain data, the second-round candidate tokens' unit price, circulating market cap, and total market cap are as shown in the table below:
Second Round Candidate Token Secondary Data Overview
It is not difficult to notice that compared to the first-round coin listing vote, the market caps of the candidate tokens in this round are generally higher. Among them, ONDO has a current circulating market cap of up to 2.4 billion USD, ranking first among all candidate tokens; even the lowest market cap token, BIGTIME, has exceeded 100 million USD. This also indirectly indicates that in this round of voting, Binance is more inclined to choose mid-sized projects with a certain market foundation and user consensus, in order to further increase the attention and competitiveness of the listing event.
How to Participate
As long as you meet the criteria of holding at least 0.01 BNB, any real user can participate. The specific process to participate in the vote is simple. First, go to the Binance "News" section and find "Square." Then, locate the Binance Square Official account and find "Vote" in the pinned content. Finally, choose your favorite project from the 12 second-round projects to vote for. The specific steps are shown in the image below.
Binance Voting Process Diagram
Binance's Inaugural Coin Listing Vote Event Review
According to the officially released information, in Binance's first round of voting, BANANAS31 (19.4%) and WHY (18.8%) ranked first and second, respectively. However, unexpectedly, WHY did not appear in the final list of projects to be listed. Instead, Binance listed four projects in one go: MUBARAK, BROCCOLI 714, TUT, and BANANAS31, which exceeded the expectations of most users.
From the perspective of price trends, constrained by the overall market downturn, lack of liquidity, and a lack of strong narrative support, the projects listed on Binance did not bring a significant "wealth effect." Among them, the Meme project MUBARAK, which was most popular during the voting stage, saw a price decline instead of a rise after listing, continuing to weaken.
So, after the conclusion of the second round of coin listing voting event on April 10, will Binance continue the practice of the first round by finally listing four projects, or will it make adjustments based on this round's situation? This remains to be seen. In addition, what will be the relationship between the listed tokens and the voting rankings? Odaily Planet Daily will continue to follow up and bring the latest reports.
Off-platform Vote Manipulation Heat Surpasses the First Round
Despite the less-than-satisfactory short-term performance of the tokens listed in the first round in the market, the listing of projects on Binance's spot trading is still widely regarded as a strong endorsement and liquidity boost. Once the market heats up, the potential for gains is considerable. It is precisely because of this that, despite the current overall cold market sentiment, the coin listing voting process still attracts a lot of attention, with continuous activities around "vote manipulation."
The heat of this round's voting even surpassed the first round. According to feedback from many off-platform trading users, the demand for voting in this round has significantly increased, and the market price for "receiving votes" has also surged—while the prices mostly stayed around $5 in the first round, they have generally risen to $7 in this round, and if votes are sold in bulk, the price can even reach $7.5 or higher.
Off-platform Vote Receiving Situation
In addition, the three projects IP, ATH, and SAFE not only received a lot of endorsements from KOLs in the community media but also saw exceptionally strong off-platform "vote-receiving" demand.
Coin Listing Voting's "Governance Experiment" Is Still in the Exploratory Stage
Finally, let us look forward to the future direction of Binance's coin listing voting mechanism, which may present three completely different scenarios.
The ideal scenario is for community members to vote based on true consensus, driving genuinely promising projects to stand out; at the same time, the platform's anti-cheating mechanism comes into play, effectively curbing fraudulent voting behavior, thus creating a governance paradigm that the industry can learn from.
However, in a more pessimistic scenario, whales manipulate the voting results, inadvertently putting low-quality projects in the spotlight on the trading platform; some speculators may even profit by shorting all candidate projects, thereby triggering a massive drop in the market capitalization of mid- and small-cap tokens, disrupting the market order.
What is more likely to occur is a complex and ambiguous middle ground: although occasionally able to select promising high-quality projects, fraudulent activities such as voting manipulation still occur from time to time, prompting Binance to continuously revise mechanisms and optimize rules to maintain the credibility and participation of the voting process.
Overall, this listing voting "self-governance experiment" is still in the exploration stage, and its success or failure will directly impact Binance's degree of openness in the listing mechanism and community participation model.
You may also like
a16z Leads $18M Seed Round for Catena Labs, Crypto Industry Bets on Stablecoin AI Payment
Pharos, deeply integrated with AntChain, is about to launch. How can we get involved?
Key Market Insights for May 16th, how much did you miss out on?
The End and Rebirth of NFTs: How the Meme Coin Craze Ended the PFP Era?
Key Market Intelligence on May 14th, how much did you miss out on?
1.Binance Alpha Launches HIPPO, BLUE, and Other Tokens
2.Believe Ecosystem Tokens See General Rise, LAUNCHCOIN Surges Over 250% in 24 Hours
3.Tiger Securities Introduces Cryptocurrency Deposit and Withdrawal Service, Supports Mainstream Cryptocurrencies such as BTC and ETH
4.Current Bitcoin Rally Possibly Driven by Institutions, Retail Traders Yet to Join
5.Binance Wallet's New TGE Privasea AI Participation Requires a 198 Point Threshold, with a Point Consumption of 15
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussions about PUMP focus on its new creator revenue-sharing model: the platform will allocate 50% of PumpSwap revenue to token creators, sparking varied reactions from users. Some criticize the move as insufficient or even misleading, while others view it as a positive step the platform is taking to reward creators. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly gaining market share. Users also express concerns about PUMP's sustainability and potential regulatory risks in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.
COINBASE: Today, Coinbase became the first crypto company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, signaling that crypto assets are further integrating into the mainstream financial system. The news has sparked lively discussions on Twitter, with many users pointing out that this may attract more institutional investors to enter the Bitcoin and other cryptocurrency markets.
XRP: XRP became the focal point of today's crypto discussion, with its significant market movements and strategic advances drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking market excitement and discussions about its future potential. The surge in market capitalization and price is believed to be related to increasing institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.
DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. The leaderboard aims to identify the most active community participants, with a total of $150,000 in rewards to be distributed over the first three seasons. This initiative has sparked broad community participation, with many users discussing the potential rewards and the incentive effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX to dYdX native chain migration and historical airdrop events have also been topics of discussion.
1. "What Is 'ICM'? Holding Up the $4 Billion Market Cap Solana's New Narrative"
Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a host of crypto projects and founders, led by the Solana ecosystem's new Launchpad platform Believe, releasing this phrase. Together with "Believe in something," it has become the new slogan heralding the onset of a bull market. What exactly is the so-called "Internet Capital Market," will it become a short-lived hype phrase like the Base ecosystem's previous Content Coin, and what related targets are available for selection?2.《LaunchCoin Surges 20x in One Day, How Did Believe Create a $200M Market Cap Shiba Inu After Going to Zero?｜100x Retrospective》
LAUNCHCOIN broke through a $200 million market cap today, with the long-lost liquidity and such a high market cap "Memecoin" almost bringing half of the on-chain crypto community CT into the fray. The community is crazily discussing this token, with half of it being FOMO and the other half being FUD. This token, originally issued by Believe founder Ben Pasternak under his personal identity, transformed into a new platform token after a renaming. From once going to zero to a $200 million market cap, what happened in between?May 14 On-chain Fund Flow
Within 24 hours, GOONC's market cap soared to 70 million, could GOONC be the next billion-dollar dog on the Believe platform?
Bitcoin has broken $100,000, Ethereum has surpassed 2500, and is Solana's hot streak about to make a comeback?
The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing 10x in just a few hours, reaching a market cap of tens of millions of dollars, trading volume soaring past 50 million, and rumors swirling that the developer may be from OpenAI (unconfirmed but intriguing enough).
A ludicrous and absurd Solana meme that some actually buy into.
GOONC is a meme coin that has sprouted from the "gooning" subculture, offering no technological innovation or practical use, its sole function being speculation.
It takes inspiration from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering a nearly religious-like trance.
In Reddit (such as r/GOONED, r/GoonCaves) and some counterculture media outlets (such as MEL Magazine in 2020), "gooning" has gradually transitioned from an adult label to a meme-addicted, digital content and virtual self-indulgence synonym, arguably the epitome of Degen spirit.
GOONC is playing around with this concept, packaging the addictive nature, uselessness, and irony of gooning into a tradable financial product. The project team has made it clear: "We do not solve blockchain problems, we only trade absurdity." Blunt but oddly genuine.
GOONC launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module on Solana. This tool is highly Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas out of the blue.
The mastermind behind GOONC is also quite something and is the most talked-about, with KOL @basedalexandoor on X platform (alias "Pata van Goon") personally involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, making onlookers unable to resist speculating if GOONC has a hint of OpenAI lineage.
While this 'OpenAI Endorsement' is currently just community speculation, it is definitely a good card to play to fuel hype. Saying "we are pure speculation" on one hand, while tagging a few "AI + a16z" on the other.
GOONC took off as soon as it launched. After its launch on May 13, 2025, its market capitalization skyrocketed to $22 million within 4 hours, with a trading volume exceeding $25.6 million in 24 hours. According to platform data, the first day of trading saw an astonishing +41,100% surge, soaring from $0.0000001 to $0.02, becoming a "missed-the-boat" situation.
GOONC quickly formed an active trading community post-launch, with a lot of discussion and trading signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora grew rapidly, supporting high trading volumes and price increases.
The real climax occurred between May 13 and May 14, with the market cap rising to $5.5 million in the morning and directly surpassing $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with the trading volume soaring to $59 million. Some community members even posted screenshots claiming an increase of +85,000%, creating a new myth out of the ruins.
As of 1:30 pm on May 14, the price stabilized around $0.039, with a total market cap and FDV both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms include XT.COM, LBank, Meteora, and others.
Although there was a slight pullback from the peak ($0.07), the coin's popularity remains strong. For a coin that relies purely on "irony + community + X post" to thrive, this performance is already at a stellar level.
Currently, the background of the token's development team is not transparent, increasing the potential risk of a rug pull. Rugcheck.xyz warns that the creator of the GOONC contract may have permission to modify the contract (e.g., change fees or mint additional tokens), posing certain security risks.
Community members speculate that the meteoric rise of GOONC may be the "last hurrah".
Deconstructing Binance Alpha2.0's New "Asia-Led Liquidity Mining" Model
Binance Alpha Points Gameplay Overtakes on the Inside Track, Sweeping 90% of the Web3 Wallet Market
How to Get Rich in Crypto Without Relying on Luck? Financial Veteran Raoul Pal's Macro Insights and Investment Path
Stablecoins Driving Global B2B Payment Innovation: How to Break Through Workflow Bottlenecks and Unlock Trillion-Dollar Market Potential?
These startups are building cutting-edge AI models without the need for a data center
Science Equity Movement: DeSci's Trillion-Dollar Knowledge Economy Reconstruction Revolution
Sentient In-Depth Research Report: Secures $85 Million in Funding to Build a Decentralized AGI New Paradigm
April 30th Market Key Intelligence, How Much Did You Miss?
Interview with Virtuals Co-Founder empty: AI Startups Don't Need a Lot of Funding, Crypto is One of the Answers
a16z Leads $25M Investment, 0xMiden to Run a Privacy Chain on Your Phone
Sui Q1 Advanced Report: The Rise of BTCfi Infrastructure, the Boom of Lending Protocols, and the Future of Rollup-Based Scalability
Gate.io MemeBox has officially integrated with the Solana ecosystem, providing lightning-fast on-chain asset trading.
a16z Leads $18M Seed Round for Catena Labs, Crypto Industry Bets on Stablecoin AI Payment
Pharos, deeply integrated with AntChain, is about to launch. How can we get involved?
Key Market Insights for May 16th, how much did you miss out on?
The End and Rebirth of NFTs: How the Meme Coin Craze Ended the PFP Era?
Key Market Intelligence on May 14th, how much did you miss out on?
1.Binance Alpha Launches HIPPO, BLUE, and Other Tokens
2.Believe Ecosystem Tokens See General Rise, LAUNCHCOIN Surges Over 250% in 24 Hours
3.Tiger Securities Introduces Cryptocurrency Deposit and Withdrawal Service, Supports Mainstream Cryptocurrencies such as BTC and ETH
4.Current Bitcoin Rally Possibly Driven by Institutions, Retail Traders Yet to Join
5.Binance Wallet's New TGE Privasea AI Participation Requires a 198 Point Threshold, with a Point Consumption of 15
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussions about PUMP focus on its new creator revenue-sharing model: the platform will allocate 50% of PumpSwap revenue to token creators, sparking varied reactions from users. Some criticize the move as insufficient or even misleading, while others view it as a positive step the platform is taking to reward creators. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly gaining market share. Users also express concerns about PUMP's sustainability and potential regulatory risks in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.
COINBASE: Today, Coinbase became the first crypto company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, signaling that crypto assets are further integrating into the mainstream financial system. The news has sparked lively discussions on Twitter, with many users pointing out that this may attract more institutional investors to enter the Bitcoin and other cryptocurrency markets.
XRP: XRP became the focal point of today's crypto discussion, with its significant market movements and strategic advances drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking market excitement and discussions about its future potential. The surge in market capitalization and price is believed to be related to increasing institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.
DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. The leaderboard aims to identify the most active community participants, with a total of $150,000 in rewards to be distributed over the first three seasons. This initiative has sparked broad community participation, with many users discussing the potential rewards and the incentive effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX to dYdX native chain migration and historical airdrop events have also been topics of discussion.
1. "What Is 'ICM'? Holding Up the $4 Billion Market Cap Solana's New Narrative"
Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a host of crypto projects and founders, led by the Solana ecosystem's new Launchpad platform Believe, releasing this phrase. Together with "Believe in something," it has become the new slogan heralding the onset of a bull market. What exactly is the so-called "Internet Capital Market," will it become a short-lived hype phrase like the Base ecosystem's previous Content Coin, and what related targets are available for selection?2.《LaunchCoin Surges 20x in One Day, How Did Believe Create a $200M Market Cap Shiba Inu After Going to Zero?｜100x Retrospective》
LAUNCHCOIN broke through a $200 million market cap today, with the long-lost liquidity and such a high market cap "Memecoin" almost bringing half of the on-chain crypto community CT into the fray. The community is crazily discussing this token, with half of it being FOMO and the other half being FUD. This token, originally issued by Believe founder Ben Pasternak under his personal identity, transformed into a new platform token after a renaming. From once going to zero to a $200 million market cap, what happened in between?May 14 On-chain Fund Flow
Within 24 hours, GOONC's market cap soared to 70 million, could GOONC be the next billion-dollar dog on the Believe platform?
Bitcoin has broken $100,000, Ethereum has surpassed 2500, and is Solana's hot streak about to make a comeback?
The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing 10x in just a few hours, reaching a market cap of tens of millions of dollars, trading volume soaring past 50 million, and rumors swirling that the developer may be from OpenAI (unconfirmed but intriguing enough).
A ludicrous and absurd Solana meme that some actually buy into.
GOONC is a meme coin that has sprouted from the "gooning" subculture, offering no technological innovation or practical use, its sole function being speculation.
It takes inspiration from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering a nearly religious-like trance.
In Reddit (such as r/GOONED, r/GoonCaves) and some counterculture media outlets (such as MEL Magazine in 2020), "gooning" has gradually transitioned from an adult label to a meme-addicted, digital content and virtual self-indulgence synonym, arguably the epitome of Degen spirit.
GOONC is playing around with this concept, packaging the addictive nature, uselessness, and irony of gooning into a tradable financial product. The project team has made it clear: "We do not solve blockchain problems, we only trade absurdity." Blunt but oddly genuine.
GOONC launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module on Solana. This tool is highly Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas out of the blue.
The mastermind behind GOONC is also quite something and is the most talked-about, with KOL @basedalexandoor on X platform (alias "Pata van Goon") personally involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, making onlookers unable to resist speculating if GOONC has a hint of OpenAI lineage.
While this 'OpenAI Endorsement' is currently just community speculation, it is definitely a good card to play to fuel hype. Saying "we are pure speculation" on one hand, while tagging a few "AI + a16z" on the other.
GOONC took off as soon as it launched. After its launch on May 13, 2025, its market capitalization skyrocketed to $22 million within 4 hours, with a trading volume exceeding $25.6 million in 24 hours. According to platform data, the first day of trading saw an astonishing +41,100% surge, soaring from $0.0000001 to $0.02, becoming a "missed-the-boat" situation.
GOONC quickly formed an active trading community post-launch, with a lot of discussion and trading signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora grew rapidly, supporting high trading volumes and price increases.
The real climax occurred between May 13 and May 14, with the market cap rising to $5.5 million in the morning and directly surpassing $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with the trading volume soaring to $59 million. Some community members even posted screenshots claiming an increase of +85,000%, creating a new myth out of the ruins.
As of 1:30 pm on May 14, the price stabilized around $0.039, with a total market cap and FDV both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms include XT.COM, LBank, Meteora, and others.
Although there was a slight pullback from the peak ($0.07), the coin's popularity remains strong. For a coin that relies purely on "irony + community + X post" to thrive, this performance is already at a stellar level.
Currently, the background of the token's development team is not transparent, increasing the potential risk of a rug pull. Rugcheck.xyz warns that the creator of the GOONC contract may have permission to modify the contract (e.g., change fees or mint additional tokens), posing certain security risks.
Community members speculate that the meteoric rise of GOONC may be the "last hurrah".
Popular coins
Latest Crypto News
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App