Saitama (CCC:SAITAMA-USD) fans are surely in high spirits today after the token jumped over 25%. The reason for the increase? Rumors are circulating that the SAITAMA crypto will gain a listing on the world’s largest crypto exchange by trading volume, Binance.
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So what’s going on with these Binance listing rumours?
According to a Tweeter from @InuSaitama, Saitama plans to host a live Ask Me Anything (AMA) session with BinanceLive. Yesterday Saitama tweeted a link to the AMA, which currently features a countdown to the event later today.
Every time a crypto is listed on a new exchange presents an opportunity for a major upside. That seems to be the reasoning behind Saitama’s jump today. Binance is the largest crypto exchange in the world. As the coinbase effect, a listing on the platform often leads to a price spike.
What else should you know about SAITAMA?
The SAITAMA Crypto hopes for a new listing return
Since its peak in November, Saitama has generally been in decline. In fact, the token is down nearly 90% from the all-time high it hit on November 16. As such, Saitama fans are likely eagerly waiting to hear if the meme token will earn a listing on Binance.
According to Saitama’s CoinMarketCap description, “Saitama’s vision is to provide [Gen Z investors] with content that teaches how money works while they invest, opening up wealth-building opportunities.
Saitama has already gained a social network and demonstrated its popularity. Today, its trading volume is up 186% ahead of the AMA.
Whether Binance’s AMA translates to a real listing remains to be seen. Either way, the bulls of Saitama will surely tune in to find out if their favorite meme-oken is indeed heading for the moon.
As of the date of publication, Shrey Dua does not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.
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