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Altcoin News

OKX Introduces WIF & MEW Spot Trading Amid Memecoin Hype

Written By Dishita Malvania
Published April 15, 2024 4:24 PM·Updated 2 years ago
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OKX Introduces WIF & MEW Spot Trading Amid Memecoin Hype

OKX is jumping into the trend of meme coins by listing two hot new tokens on its platform: Dogwifhat (WIF) and Cat in a Dog’s World (MEW), both running on the Solana blockchain.

New Spot Listing 📢 $MEW @Mewsworld and $WIF @dogwifcoin will be listed on #OKX!

▶ Deposits: OPEN 🟢
📈 $MEW Spot trading: 8:00 am Apr 15 (UTC)
📈 $WIF Spot trading: 9:00 am Apr 15 (UTC)

More: https://t.co/zCnI8TDmnQ pic.twitter.com/OJffIqMGAt

— OKX (@okx) April 15, 2024

As per their announcement, trading for WIF kicked off at 9:00 am UTC on April 15, closely followed by MEW. Users can now deposit WIF and MEW tokens on OKX to trade them against Tether (USDT). Withdrawals for both tokens will open at 10:00 am UTC on April 16.

These memecoins have been seeing a surge in popularity, with millions of dollars traded daily. Riding on the Solana network’s success, they have outpaced other networks like Ethereum and Avalanche.

Top 5 memecoins by market capitalization
Image Source: CoinGecko (Top 5 memecoins by market capitalization)

At the time of writing, WIF was priced at around $3, showing a rise of approximately 9% within the last 24 hours.

According to CoinGecko data, MEW is currently priced at $0.0054, marking an 84% increase in the last 24 hours.

Also Read: OKX Partners with Chiliz Chain for Sports Token Integration

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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