Memecoin Skyrockets Over 2500% as Airdrop Surpasses $52M

Memecoin (MEME) has emerged as as we speak’s standout, with its buying and selling debut on exchanges sparking important curiosity. Consequently, an airdrop mania seems to be on the horizon. 

Memecoin Surges over 2500%

From the early hours, the excitement 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 listing 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. Then again, @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 influence MEME’s value, probably resulting in a market dip. Considerably, MEME’s market worth has simply surpassed the $1 billion mark.

Learn Additionally: Binance Announces Memecoin Perpetual Listing, MEME Price Falls 20% On Debut

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Kelvin is a distinguished author specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Acknowledged for incisive evaluation and insightful content material, he has an adept command of English and excels at thorough analysis and well timed supply.

The offered content material could embrace 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 accountability on your private monetary loss.