Just 30 minutes ago, 1.035 billion $MEME tokens, valued at $15 million, were moved from the Memecoin Advisory’s allocated address to Binance.

This recent transfer follows the scheduled unlock of tokens initially allocated to the advisory group.

Memecoin Advisory received an allocation of 2.07 billion $MEME, divided into two equal unlock periods. The first 50% (1.035 billion $MEME) was unlocked during the token generation event (TGE) in October last year, with the remaining 50% unlocking in October this year.

Recently, both unlocks have been transferred to Binance; the first half arrived six days ago, and the second half followed just half an hour ago.

$MEME and Utility Expansion Progress

$MEME, a venture capital-backed token, is often compared to tech-focused coins due to its clear strategic foundation and robust development roadmap. The project has raised substantial funds and continues to build and expand its ecosystem.

Key ongoing initiatives include @stakeland, a staking and rewards platform, and @memepaycom, a payment solution within the $MEME ecosystem. These developments suggest that Memecoin is focused on expanding utility and establishing a strong community foundation.

While $MEME follows a trajectory similar to traditional tech projects, it stands out by integrating elements of both meme culture and foundational technology, providing a unique positioning within the crypto space.

With its significant Binance transfers and dedicated ecosystem projects, $MEME shows signs of long-term vision and operational backing, reinforcing its commitment to growth even amidst fluctuating market conditions. The increased liquidity from these recent transfers may impact $MEME’s price in the short term, as market participants watch closely to gauge the token’s next moves.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: kebox/123RF // Image Effects by Colorcinch