Study time: 2 minutes
Memecoin, with the abbreviation MEME, is one of the new cryptocurrencies in the market, which has attracted the attention of many investors and has been added to the list of many exchanges within a few days.
MemeCoin, an ERC-20 token on the Ethereum network, was launched as a native token of the ecosystem introduced by Memeland, a web 3 investment studio created by 9GAG, and quickly gained popularity.
Despite no potential benefits or returns being promised in the Memecoin whitepaper, MEME has gained a lot of popularity in recent days, complete with a listing on the Binance exchange.
With 2023 being the year for meme coins, crypto enthusiasts are now asking whether the new meme coin MEME can follow the path of popular meme coins such as Dogecoin, Shiba Inu, and Pepe.
Meanwhile, various platforms are reporting that the stats for the Memecoin airdrop have been staggering, with eligible individuals receiving 2.35 billion MEME tokens worth approximately $52.4 million.
The digital currency sparked more speculation in the crypto community after it was listed by Binance on November 3rd and surged more than 2,500% in its first trading hours.
In addition, Binance has also provided other attractive offers for users. According to Binance's statement, until further notice, the exchange will apply a zero maker fee to trading pairs MEME/FDUSD and MEME/TUSD.
In addition, the Binance Futures service has also introduced the USD-M MEME permanent contract, which has a leverage of up to 50 times. It is expected that this strategic move by Binance will lead to more interaction and activity in the meme coin market