Cryptocurrency exchange OKX is embracing the current memecoin frenzy by adding major rising Solana-based memecoins, such as Dogwifhat (WIF) and Cat in a Dog’s World (MEW), to its platform.
According to OKX’s announcement on X, spot trading for WIF and MEW has officially begun. Users can now deposit WIF and MEW tokens on the exchange and trade them against the Tether (USDT) stablecoin.
WIF spot trading will commence at 9:00 am UTC on April 15, one hour after the launch of MEW spot trading. Withdrawals for both tokens will be available from 10:00 am UTC on April 16, as per OKX’s notification.
WIF and MEW are rapidly growing memecoins, with daily trading volumes in the millions of dollars. These memecoins are based on the Solana blockchain, which has been outperforming Ethereum and Avalanche in terms of network activity and adoption, primarily due to the ongoing memecoin craze.
Launched in November 2023, Dogwifhat (WIF) has become one of the largest memecoins, entering the top 50 coins by market capitalization in the first quarter of 2024, with a market cap of nearly $50 billion.
At present, WIF ranks as the 42nd-largest cryptocurrency by market cap and is the third-largest memecoin, following Elon Musk’s favorite memecoin, Dogecoin (DOGE), and Shiba Inu (SHIB), according to CoinGecko data.
The token is currently trading at $3, witnessing a 13% increase over the past 24 hours.
The newly introduced Cat in a Dog’s World (MEW) cryptocurrency made its official debut on March 26, aiming to challenge the dominance of dog-themed memecoins like DOGE, SHIB, and WIF.
At the time of writing, MEW is trading at $0.0052, experiencing an 80% surge in the past 24 hours, according to CoinGecko data.
These newly listed memecoins join the existing lineup of memecoins on OKX. The exchange currently offers around 20 memecoins, including the recent additions, as stated on its official website.
Source:
MEW
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