Memecoin (MEME) has emerged as as we speak’s standout, with its buying and selling debut on exchanges sparking vital curiosity. Consequently, an airdrop mania seems to be on the horizon.
Memecoin Surges over 2500%
From the early hours, the thrill round Meme Token’s spectacular 2500% surge has been palpable. This meteoric rise for a newly launched token has caught many eyes, with MEME now at $0.025699. The query on everybody’s thoughts is what comes subsequent, particularly with an airdrop occasion looming because the demand has already began pouring in.
MEME/USDT 24-hour value chart (supply: Binance)
Lookonchain broke the information as we speak, hinting at an impending airdrop craze for MEME. The reported figures are staggering, with 2.35 billion MEME tokens requested. This transfer interprets to roughly $52.4 million, accounting for 13.6% of the provision.
Furthermore, Lookonchain additionally sheds gentle on the profiles of the requesters, pointing towards cryptocurrency whales. An fascinating element to notice is that upon MEME’s itemizing on Binance, its value soared to $0.1. Specializing in the whales, @lastvikingeth has requested 50.73 million MEME tokens, amounting to $1.13 million. However, @dingalingts has put in a request for 26.88 million tokens, roughly equating to $599,000.
different MEME whales, @Keungzeth has requested for twenty-four.92 million tokens, valued at about $555,000, whereas @BitroxEth has requested 20.62 million tokens, roughly $459,000.
Implications of the Demand Surge
This huge inflow of MEME requests may sign an impending sale wave. Furthermore, Binance rewards these staking BNB, USDT, and FUSD with MEME tokens, indicating ongoing distribution.
Consequently, the swift motion by whales to promote may considerably affect MEME’s value, doubtlessly resulting in a market dip. Considerably, MEME’s market worth has simply surpassed the $1 billion mark.
Learn Additionally: Binance Declares Memecoin Perpetual Itemizing, MEME Value Falls 20% On Debut
The introduced content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.
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