By
Svetlana Soroka
April 30th, 2024
Unlike WIF, MEW is a newly launched token aiming to challenge dog-centric meme coins with its unique cat-centric theme.
OKX, one of the leading offshore crypto exchanges in the industry, will be listing two new meme coins on its platform for spot traders.
In an official press release dated April 15, the company announced plans to add support for the trading of dogwifhat (WIF) and cat in a dogs world (MEW) on its exchange starting today at 9 AM and 8 AM UTC, respectively. However, withdrawal for the Solana (SOL) based meme coins has been scheduled to start 24 hours after the listing on April 16, 2024, at 10 AM UTC.
OKX Adopts a New Listing Approach
OKX said it has opened deposits for the two tokens and trading will begin promptly at the specified times. The two meme coins have joined the growing list of over 350 digital assets listed on the platform.
The exchange recently expanded its digital asset offerings, reflecting a shift in token listing policies. However, the specific reasons for this change were not disclosed.
WIF, also known as “Dogwifhat”, started trading on other exchanges a few months ago amidst growing interest in meme coins as investors look to make the most of the market resurgence which saw Bitcoin (BTC) hit a new all-time high of $73, 000 in March.
The playful and whimsical digital asset, featuring a dog in a hat, surged nearly 30% following its listing on Binance last month. Since its introduction to the crypto market in December 2023 at a floor price of $0.004, WIF peaked at $4.83 on March 31, 2024.
However, unlike WIF, MEW is a newly launched token aiming to challenge dog-centric meme coins with its unique cat-centric theme.
The memecoin is currently listed on Huobi Global which recently rebranded to HTX. The exchange announced the listing earlier this month.
MEW Experiences over 97% Surge in 24 Hours
MEW’s innovative features and narrative have garnered significant attention in the industry, propelling it to the top ten meme coins on CoinMarketCap. On April 2, 2024, the token ranked as the sixth-largest meme coin in the crypto space.
the revolution begins… if we work together we can finally escape this dog world… https://t.co/yV0fMvZvYM pic.twitter.com/qSHDlnHcPi
— MEW (@MewsWorld) April 2, 2024
Following the news of its listing on OKX, MEW surged to $0.005558, marking a remarkable 97% increase in the past 24 hours from its previous trading level below $0.0047.
The token’s market capitalization has also soared to $497 million with a 24-hour trading volume of $232 million.
On the other hand, WIF has seen a modest increase of over 13% on CoinMarketCap, currently trading around $3.05 at the time of writing.