Binance, the world's largest cryptocurrency exchange by trading volume, is set to launch a Solana-based memecoin called $BAN (BAN) with a perpetual contract. This move follows the trend of exchanges listing memecoins, which are often inspired by internet culture or humor. $BAN, which features a banana taped onto a wall, has seen a significant increase in market capitalization, reaching nearly $400 million. The coin experienced a surge of 1,603% this month after Binance announced support for USDT futures contracts. At its peak, $BAN hit $0.378, with the market cap reaching $287 million. After the initial surge, $BAN has since stabilized at $0.292.