Key Takeaways
- OKX has listed two new Solana-based memecoins, WIF and MEW, capitalizing on the current memecoin craze;
- WIF and MEW began spot trading on OKX against Tether (USDT) on April 15, with withdrawals available from April 16;
- Both new listings have attracted investor attention, with WIF being the third-largest memecoin and MEW showing a 19.3% increase in value over the past week.
Crypto exchange OKX has embraced the memecoin mania by listing two new Solana-based memecoins, Dogwifhat (WIF) and Cat in a Dog's World (MEW).
Users can engage in spot trading of these tokens against the Tether (USDT) stablecoin.
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According to a recent announcement from OKX, spot trading for MEW started at 8:00 AM UTC on April 15, followed by WIF trading, which began at 9:00 AM UTC the same day. Withdrawals for both tokens were scheduled to start at 10:00 AM UTC on April 16.
Both WIF and MEW have shown large trading volumes, reflecting their growing popularity among investors.
WIF, launched in November 2023, is the 44th largest cryptocurrency and the third largest memecoin by market cap. At the time of reporting, it trades at $2.66.
MEW, the newer of the two, was launched on March 26 and is already making waves in the memecoin market as it challenges the dominance of dog-themed memecoins. MEW's value increased 19.3% over the past week, trading at $0.005 at the time of writing.
OKX's memecoin portfolio also includes Dogecoin (DOGE) and Shiba Inu (SHIB).
This new addition to the portfolio reflects OKX's approach to tapping into the memecoin market, offering users fresh investment opportunities.
Echoing the memecoin craze, the Sphere Wif Hat campaign successfully raised over $700,000 last month to project Dogwifhat onto the Las Vegas sphere.
