The Memecoin price surged by over 13% in the last 24 hours to trade at $0.0213 as of 8 a.m. EST following the new token’s listing on Binance.
The token immediately caught the attention of crypto whales, causing its 24-hour volume to surge by nearly 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 took a nosedive to a support at $0.020, only to bounce back up and even reach an all-time high at $0.02909.
Memecoin Price, Crypto Whales, Binance Listing
While Memecoin (MEME) had a shaky start, this is nothing new for a newly launched cryptocurrency, especially in an uncertain and volatile market such as the one in which the crypto industry is currently.
However, the token quickly saw its first significant listing on Binance, the world’s largest crypto exchange by volume. Many bought into the hype, and the accumulation of the token by crypto whales came quickly 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 adopters. In a tweet published on November 8, it was revealed that two whales were among the recipients, with one receiving $1.39 million from the airdrop and the other one getting $1.04 million. The two whales also received millions of MEME from a FireSale, which occurs when market players wish to offload assets at any price.
2 whales received huge $MEME airdrops in the past 4 hours!
— Lookonchain (@lookonchain) November 8, 2023
Bitcoin Minetrix Presale Exceeds $3.7m Raised
While Memecoin saw great success during its presale and the following launch, another young project can 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.
Spotlighting the security measures of #BitcoinMinetrix compared to Conventional Cloud Mining: 🛡️
🔐 #BTCMTX: Decentralized, user-controlled tradeable assets.
— 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, which is why it ensured that decentralization and transparency will be its primary focus.
Bitcoin Minetrix has raised $3.71 million in its presale 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 buy it with a credit or debit card.
The project will see another price increase in less than three days, so buying BTCMTX before that happens could be beneficial, especially since many expect this token to blow up even more than MEME after listing due to the recent Bitcoin hype.
New Crypto Mining Platform – Bitcoin Minetrix
- Audited By Coinsult
- Decentralized, Secure Cloud Mining
- Earn Free Bitcoin Daily
- Native Token On Presale Now – BTCMTX
- Staking Rewards – Over 100% APY