Binance Alpha Boosts PALU to $80M Market Cap
PALU, a meme mascot token built on the BNB Chain, has experienced a dramatic surge in market value following a wave of community engagement and exposure. The initial spark came when Binance founder Changpeng Zhao (CZ) reposted fan-made artwork featuring a PALU mascot in his likeness, which quickly caught the attention of the crypto community.
This momentum escalated further after Binance’s Alpha platform—designed to highlight trending and emerging digital assets—officially featured PALU. The listing catalyzed a significant price rally, pushing the token’s market cap from just $3 million to a peak above $80 million.
At the time of writing, PALU’s market capitalization has adjusted to approximately $74.4 million, with the token trading at $0.77. This marks a staggering daily gain of over 1,690% as the project continues to capture speculative interest.
Market watchers have begun speculating about the potential for PALU to be listed on Binance’s main platform, citing both its viral appeal and strong community support. However, while much of the price action appears organic, on-chain analysis suggests that part of the rally may be attributed to strategic accumulation.
According to one analyst, “Twelve addresses were responsible for purchasing nearly $2.98 million worth of PALU shortly after the Binance Alpha announcement.” This coordinated buying behavior likely amplified the price pump in a short time frame.
