OKX, a leading offshore cryptocurrency exchange, has announced the listing of two Solana-based meme coins—dogwifhat (WIF) and cat in a dogs world (MEW)—for spot trading starting April 15. Deposits are now open, with trading set to begin at 9 AM UTC for WIF and 8 AM UTC for MEW. Withdrawals will commence 24 hours post-listing on April 16 at 10 AM UTC.
Key Listing Details
- Tokens Added: WIF and MEW
- Trading Start: April 15 (WIF: 9 AM UTC / MEW: 8 AM UTC)
- Withdrawals: Enabled from April 16, 10 AM UTC
- Blockchain: Solana (SOL)
OKX’s Evolving Listing Strategy
The exchange has expanded its offerings to over 350 digital assets, signaling a shift in its token listing policies. While specifics behind this change remain undisclosed, the move aligns with growing investor interest in meme coins amid Bitcoin’s recent all-time high of $73,000 in March 2024.
Performance Highlights
- WIF: Launched in December 2023 at $0.004, it peaked at $4.83 on March 31, 2024, and currently trades around $3.05 (+13% post-announcement).
- MEW: Surged 97% in 24 hours to $0.005558 post-listing news, with a market cap of $497 million.
👉 Explore WIF and MEW trading on OKX
Market Impact and Trajectory
WIF gained traction after its Binance listing last month, while MEW, a newer entrant, aims to rival dog-themed meme coins with its cat-centric narrative. MEW ranks among CoinMarketCap’s top 10 meme coins, hitting #6 on April 2, 2024.
FAQs
Q1: Why is OKX listing meme coins now?
A1: The exchange is capitalizing on renewed market optimism and demand for high-risk, high-reward assets.
Q2: What makes MEW unique?
A2: It challenges the dominance of dog-themed coins by leveraging a cat-centric community narrative.
Q3: How volatile are WIF and MEW?
A3: Both exhibit significant volatility, with MEW jumping 97% in 24 hours post-listing news.
👉 Stay updated on OKX’s latest listings
Conclusion
OKX’s strategic listings reflect the crypto market’s appetite for novelty and speculative assets. Traders should exercise caution given the inherent volatility of meme coins while monitoring these tokens’ evolving market dynamics.