Two meme coins based on the Solana platform, namely MOODENG and GOAT, experienced significant growth after joining the Binance Alpha program. MOODENG saw a surge of over 400% in the past week, achieving its highest price point since January. Binance Alpha, intended to promote promising early-stage tokens, notably increased the visibility and trading activity of both projects.

The addition of MOODENG and GOAT to the latest batch of Binance Alpha Projects was announced on May 11. MOODENG, featuring a popular Thai hippo mascot, gained attention when Vitalik Buterin, the co-founder of Ethereum, acknowledged the character. Although its growth had slowed down, the listing on Binance Alpha reignited interest in the project.

Subsequent to the announcement, MOODENG spiked by more than 60%, hitting $0.20, its highest level since January 2025. Concurrently, the market capitalization of the meme coin surged from less than $140 million to over $180 million within a few hours.

Similarly, GOAT, a Solana meme coin with a focus on artificial intelligence, experienced a significant improvement in its performance. Originating in 2024 through Truth Terminal, a Twitter-based AI chatbot, GOAT witnessed a price increase from $0.14 to $0.17 following its inclusion in Binance Alpha. Over the span of seven days, its value nearly doubled, and its market cap grew by $100 million.

The recent success of these tokens has revitalized interest in the meme coin sector of Solana, which had faced a slowdown due to previous controversies. Analysts believe that Binance Alpha's spotlight has reinstated credibility in the space and could drive a new wave of investor engagement.

Data from Dune Analytics on May 10 revealed a record daily volume of $428.3 million on the Binance-affiliated platform, propelled by tokens like Polyhedra Network’s ZKJ, BSquared Network’s B2, and SKYAI. This positive trend persisted, with the platform registering a trading volume of $279 million the following day, prominently influenced by MOODENG and GOAT.

Since its launch in December 2024, Binance Alpha has provided early exposure to promising Web3 projects. According to CoinMarketCap data, there are now over 140 projects listed on the platform, accumulating a total market cap exceeding $15 billion.