In May 2025, cryptocurrency exchange Binance Alpha announced the listing of a new meme coin, Gorilla, which led to a significant increase in market activity and price volatility.
Gorilla Listing on Binance Alpha
Gorilla (GORILLA) was launched on May 8, 2025, marking a new addition to Binance Alpha's portfolio. This animal-themed offering highlights the exchange's strategic role in shaping market trends.
Market Response
Following the announcement, there was a dramatic increase in trading activity. Gorilla's price surged by 110% shortly after the announcement. 'The listing of Gorilla represents our commitment to expanding our offerings with innovative and fun projects that capture the spirit of the community,' said a Binance Alpha executive.
Market Prospects and Consequences
After the initial rise, Gorilla's price retraced, a common response for meme coins. The market cap of Gorilla was last recorded at $466,515.20 amidst ongoing fluctuations.
The listing of Gorilla by Binance Alpha illustrates the impact such announcements have on lesser-known cryptocurrencies. The opportunities and risks created require attention from traders.
