OKX Adds WIF and MEW, Two Solana-Based MemeCoins, to Their Listing

OKX, the second largest offshore exchange, has caused a stir in the crypto community with its announcement of the launch of meme coins WIF and MEW for spot trading. This move comes as a surprise, considering OKX’s recent shift in strategy towards listing a wide range of coins, although the exact reasons behind this change remain unclear.

OKX, the second largest offshore exchange, has announced that it will be launching memecoin WIF and MEW for spot trading. This comes as a surprise, as OKX recently changed its approach and started listing a large number of coins. The reasons for this change are unknown.

Here is the schedule for the listing of WIF and MEW:
Deposits for WIF and MEW will open at 7:00 am UTC on April 15, 2024.
MEW/USDT spot trading will begin at 8:00 am UTC on April 15, 2024.
WIF/USDT spot trading will follow at 9:00 am UTC on April 15, 2024.
Withdrawals for both WIF and MEW will be available at 10:00 am UTC on April 16, 2024.

Now, let’s take a closer look at the meme coins themselves.

WIF, affectionately known as “dogwifhat,” has caught the attention of crypto enthusiasts with its playful and humorous nature, featuring a dog wearing a hat. Starting at just $0.004 in December 2023, WIF has experienced an incredible surge in value and is currently trading at $4.38. Investors are optimistic about DogWifHat, with analysts predicting a potential doubling in price to $10.

On the other hand, shortly after the news of MEW’s listing on OKX, Mew began to generate buzz on social media. MEW, a newly launched memecoin, is making waves by introducing cat-themed coins that challenge the dominance of dog-themed meme coins. The price of Cat in a Dogs World (MEW) recently experienced a significant rebound, jumping from $0.00174 to $0.0050 in a short period of time. With over 200k holders, MEW is gaining momentum again, supported by increased trading volumes.

Overall, OKX’s decision to list WIF and MEW highlights the growing interest and diversity within the crypto space, particularly in the memecoin sector. Both tokens operate on the Solana blockchain, which is well-known for its fast transactions and efficiency.

Tags:
Altcoins
Price Analysis