Why did this digital currency explode by 2500%?

Memecoin (MEME) emerged as the hottest coin yesterday, with its first commercial appearance on exchanges sparking huge interest. Thus, airdrop mania seems to be on the horizon.

Memecoin rises more than 2,500% From the first hours, the hype around the Meme token's astonishing 2,500% rise was palpable. This meteoric rise of the newly launched token has caught the attention of many, with the price of MEME now reaching $0.025699. The question on everyone's mind is what comes next. Especially with the airdrop event approaching since the demand has already started flowing in.

Lookonchain broke the news today. Hinting at MEME's impending airdrop craze. The announced numbers are staggering, with 2.35 billion MEME tokens requested. The move translates to approximately $52.4 million, which represents 13.6% of the offering.

Looking at other MEME whales, @Keungzeth requested 24.92 million tokens, worth around $555,000. While @BitroxEth requested 20.62 million tokens, or approximately $459,000.

Implications of Increased Demand This massive influx of MEME orders may indicate an impending sell-off. Furthermore, Binance rewards those who bet on BNB, USDT, and FUSD with MEME tokens, indicating a continuous distribution.