MemeFi Token Soars 300% After Binance Delisting Shocker

MemeFi (MEMEFI) surprised the crypto market with a 300% price surge in under 24 hours, shooting up from under $0.002 to over $0.0057. The trigger? Binance announced it will delist MemeFi’s perpetual futures on August 11, causing panic among short sellers. As they rushed to close positions, a massive short squeeze followed, pushing the price and daily volume ($376M) sky-high.

This type of spike is not new. Similar moves happened during past Binance delistings, like ALPACA, where reduced futures activity created unexpected spot volatility.

Despite the hype, concerns remain. MEMEFI is still down 80% from its all-time high, and the dev team has remained mostly silent—their last meaningful update was months ago. Some analysts believe this pump may be bot-driven or purely speculative rather than organic growth.

What is MemeFi? It began as a tap-to-earn Telegram mini-game but evolved into a large blockchain-based gaming ecosystem with 55M users and 10M on-chain wallets. Still, doubts linger about the long-term vision and developer commitment.

In short: the price is up, but real value? That remains to be seen.