USDUC Jumps More Than 1,000% After BinanceUS Opens Deposits

Binance US opened USDUC deposits and said it will list the USDUC/USDT pair on May 7, as the SOL-based meme coin briefly topped a $27 million market cap amid sharp volatility.

USDT
SOL

Summary

USDUC, a SOL-based meme coin described as a community-driven satire of traditional stablecoins, rose more than 10x intraday after Binance US opened deposits for the token. The asset briefly surpassed a $27 million market capitalization, up from the previously reported move above $25 million. Binance US also said it will list the USDUC/USDT trading pair on May 7, adding a new exchange milestone to the volatile rally.

Terms & Concepts
  • SOL-based meme coin: A meme-themed cryptocurrency issued on the Solana blockchain, often driven by community interest and speculative trading.
  • USDUC/USDT: A trading pair that lets users exchange USDUC against USDT, a dollar-pegged stablecoin commonly used in crypto markets.
  • Market capitalization: The total value of a token in circulation, usually calculated by multiplying its price by circulating supply.