Join our Telegram channel to stay up to date on breaking news coverage
Memecoin price rose more than 13% in the last 24 hours to trade on $0.0213 starting at 8am EST following the listing of the new token on Binance.
The token immediately caught the attention of crypto whales, causing its 24-hour volume to increase by almost 100% to almost $330 million.
Memecoin (MEME) is a newly launched project that went live earlier this month. On November 3, the project’s price was at $0.026, from where it immediately plummeted to support at $0.020, only to rebound and even hit an all-time high of $0.02909.
Memecoin price, crypto whales, Binance listing
While Memecoin (MEME) got off to a shaky start, this is nothing new for a newly launched cryptocurrency, especially in an uncertain and volatile market like the one the crypto industry currently finds itself in.
However, the token quickly saw its first significant listing on Binance, the world’s largest crypto exchange by volume. Many believed the hype, and accumulation of the token by crypto whales occurred shortly after the listing. Memecoin also distributed airdrops to early players to get things going, which had a positive effect.
Reports also say that Memecoin allocated 25% of its total supply as a reward for early users. In a tweet posted on November 8, it was revealed that two whales were among the recipients: one received $1.39 million from the airdrop and the other received $1.04 million. The two whales also received millions of MEME from a FireSale, which occurs when market players want to offload assets at any price.
2 whales received huge $MEME airdrops in the last 4 hours!
memeland.eth received 77 million $MEME($1.39 million) from air launches and 138 million $MEME($2.49 million) from FireSale.
degensfund.eth received 57.93 million $MEME($1.04 million) from airdrops and 27.14 million $MEME($489k) from FireSale.https://t.co/9uHSY3UQNb pic.twitter.com/jVe5iWQJhT
— Lookonchain (@lookonchain) November 8, 2023
bitcoin Minetrix pre-sale exceeds $3.7 million raised
While Memecoin saw great success during its pre-sale and subsequent launch, another young project may benefit even more from the current hype in the crypto industry.
Known as bitcoin Minetrix, this project is a cloud mining platform that aims to offer a transparent and decentralized service.
Highlighting the security measures of #BitcoinMinetrix compared to conventional cloud mining:
#BTCMTX: Decentralized and user-controlled tradable assets.
Traditional cloud mining: requires cash deposits.#CryptoComparison #CloudMining pic.twitter.com/E6RqPQOV1P
—Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
The project is aware that many have lost faith in cloud mining services due to numerous scams and weak projects that emerged before, so it assured that decentralization and transparency will be its main focus.
bitcoin Minetrix has raised $3.71 million in its pre-sale so far and is selling its token, BTCMTX, for $0.0115 per unit. The token is available in exchange for eth, BNB or USDT, but you can also purchase it with a credit or debit card.
The project will see another price increase in less than three days, so purchasing BTCMTX before that happens could be beneficial, especially as many expect this token to explode even more than MEME after going public due to the recent bitcoin hype. .
Related
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
Join our Telegram channel to stay up to date on breaking news coverage
