Binance's recent listing of the meme coin $CHEEMS on its perpetual futures market has sparked significant discussion within the cryptocurrency community. Despite the listing being perceived as a bullish move, $CHEEMS experienced a sharp crash in value shortly after. One notable transaction involved an address purchasing $469.4K worth of $CHEEMS and selling it for $583.98K following the Binance listing. The move has raised questions about Binance's strategy of listing lesser-known meme coins, with some critics suggesting it is an attempt to drive a 'BNB season' narrative. Meanwhile, $BANANA has emerged as a top-performing meme coin within the BSC ecosystem. Others argue that the proliferation of meme coins, often associated with speculative trading, could harm the broader crypto ecosystem by discouraging long-term retail participation.