๐ VanEck's @MarketVector has launched the $MEMECOIN index, tracking 6 popular meme coins! ๐ #DOGE leads with 30.64% index weighting, followed by #SHIB at 28.01%.
๐ This tool offers a structured entry for institutional investors into the volatile meme coin market, while retail investors can gauge their fave meme coins' performance.
๐ Meme coins have gone mainstream, folks! Some are even speculating cat-themed tokens might join the index soon. ๐
๐ Despite a minor dip, the MEMECOIN Index has surged 195% in the past year. Talk about explosive growth!
๐ฌ What do you think about this new index? Will it change the game for meme coins? Let's chat in the comments! #DeFi #CryptoNews