MemeFi’s $MEMEFI token debuted on OKX for pre-market trading amidst a price dip and a new partnership with Mysten Labs.
Popular decentralized finance (DeFi) project MemeFi announced the listing of its token, $MEMEFI, for pre-market trading on the OKX exchange. This new opportunity allows users to trade $MEMEFI before its official Token Generation Event (TGE). However, despite the anticipation, $MEMEFI’s price has unexpectedly tumbled.
$MEMEFI is currently trading at $0.000202, down by over 30% in the last 24 hours. This drop follows a broader trend, with the token currently down by over 99% from its August all-time high of $0.4149. However, the monthly candle suggests that $MEMEFI has seen massive gains in October, more than doubled in just 30 days.
Today’s launch on OKX follows an earlier pre-market listing on the Bitget exchange in September, where it received initial trading exposure. This strategy allows users to engage with $MEMEFI before the token becomes widely available for spot trading. With the TGE delayed, this pre-market phase offers a glimpse of how $MEMEFI might perform once it enters full circulation.
MemeFi is constantly joining hands with centralized exchanges. On October 9, it announced a collaboration with Binance, creating an exclusive prize pool worth $150,000. This offering includes five luxury watches and twenty iPhone 16 Pro Max phones from the Encrypto Steampunk Limited Edition collection, crafted exclusively for MemeFi’s community.
Partnership with Mysten Labs
On top of the OKX pre-market listing, MemeFi revealed another major milestone on Friday. The DeFi platform has announced an exclusive partnership with Mysten Labs, the creators behind the Sui blockchain. Through this deal, MemeFi and Mysten Labs aim to expand the capabilities of Sui’s Layer 1 blockchain by integrating it with MemeFi’s Telegram-based features.
This integration is intended to offer fast, affordable, and seamless user experiences, with plans for airdrop campaigns and in-app features that showcase Sui’s blockchain technology.
Mysten Labs will also support MemeFi’s growth through joint marketing initiatives and lend product expertise to the project.
What’s Next for MemeFi?
For those new to MemeFi, the project merges meme culture with blockchain gaming in a decentralized finance ecosystem. Built on the Solana blockchain, MemeFi features a “tap-to-earn” game with over 60 million active players and a large Telegram community of 21 million subscribers. Players can earn rewards by battling meme-inspired foes, building a playful yet engaging environment that caters to both casual gamers and DeFi enthusiasts.
Looking ahead, MemeFi’s roadmap is rich with community-focused goals, as the platform has committed to distributing 90% of its token supply to its user base. While the official TGE has been delayed, the pre-market trading on OKX and new partnerships hint at continued growth for the $MEMEFI token.
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