The Rise of Meme Tokens and How They’re Driving Exchanges to Embrace Unconventional Trends

Meme coins have experienced an unprecedented rise in interest and value. With exuberant community support, meme coins are largely associated with meme images, cartoon characters, and animals. Dogecoin, SHIBA INU, and the recent Pepecoin ($PEPE) are a few of the top-selling meme coins in the crypto space. These coins have gained thousands in price surges in the shortest period. Offering investors ample opportunities to make significant profits based on a small investment.

The trending meme coin, $PEPE, barely a month after its release, reached a whopping $1.5 billion in market cap. And a Spot Trading volume exceeding $2.7 billion. This value, according to various reports, rivaled Bitcoin’s Spot Trading on the top crypto exchanges within the same timeframe. A testament to these coins’ ability to generate gargantuan returns for investors.

$PEPE’s initial price at the time of launch was a mere $0.000000001 and with a total token supply of over 420 trillion. Since listing on top exchanges, the meme coin experienced a price surge of over 3000%. While it has suffered countless sell-offs from early investors looking to make huge profits, Pepecoin is still ranked as one of the top 100 coins (number 78) based on market cap, per CoinMarketCap. Again, substantial proof of its unprompted leap in price in the shortest time possible.

The Role of Exchanges and How Early Listing Impact Investors’ Returns

Crypto exchanges enable the seamless purchase of Bitcoin, altcoins, and meme coins alike. They are committed to providing customers with the hottest coins on the market, allowing them to become early investors. Now, why crypto exchanges are core components of the industry, obviously, their effect on the market continues to grow daily, partly a work of meme coins. How?

These crypto exchanges understand the influence meme coins have on the market and investors. Hence why they are constantly on the lookout for the next hot project.

To better understand the impact of early listing and how these exchanges actively influence investors’ returns, we’ll use $PEPE and LBank, and other exchanges as examples.

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Author: Adrian Barkley

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