OKX, a popular cryptocurrency exchange, is adding three memecoins to its platform, including one that calls itself the “Dogecoin Sister.”
Memecoin Mania
The three memecoins are:
- BasedBrett (BRETT): The biggest memecoin on Base, a blockchain launched by Coinbase. It’s currently worth over $683 million, but has lost over 40% of its value since August.
- Simon’s Cat (CAT): Originally launched on the BNB Smart Chain, this coin was airdropped to holders of Floki, a Dogecoin competitor. It’s gained over 152% since its low point and has a market cap of $187 million.
- Neiro on ETH (NEIROETH): This coin calls itself the “official sister of DOGE” and has made a big splash on Ethereum. It’s currently worth over $128 million and has seen a massive 449% increase since its low point in September.
All three memecoins will be traded on USDT margin perpetual futures, which allow traders to leverage their positions.
OKX’s Approach to Listing
OKX CEO Star Xu recently addressed the exchange’s cautious approach to listing new cryptocurrencies, especially those that are quickly gaining popularity. He said that while listing everything might bring in quick profits, it could also harm the market.
Xu emphasized that OKX prioritizes building a strong infrastructure and maintaining transparency. He also stressed that the exchange is technology-driven and committed to ethical practices.
Remember:
Investing in memecoins is considered high-risk. Always do your own research before investing in any cryptocurrency. /p>
