Solana

World

Shiba Inu

<p class="is-style-lead">Major cryptocurrency exchange OKX deviated from its regular listing pattern to onboard popular Solana memecoins Dogwifhat and Cat in a Dogs World.</p> 
<p>OKX enabled Dogwifhat (<a href="https://crypto.news/dogwifhat-meme-coin-market-capitalization/" target="_blank" rel="">WIF</a>) and Cat in a Dogs World (<a href="https://crypto.news/price/cat-in-a-dogs-world/" target="_blank" rel="">MEW</a>) deposits around 7 a.m. UTC. By 9 a.m. UTC, WIF and MEW became tradable in Tether (<a href="https://crypto.news/price/tether/" rel="">USDT</a>) pairs. According to the crypto exchange, withdrawals are scheduled to open for both memecoins on April 16 by 10 a.m. UTC.&nbsp;</p> 
<p>Despite launching late last year, Dogwifhat is arguably the biggest memecoin in Solana’s (<a href="https://crypto.news/price/solana/" rel="">SOL</a>) ecosystem. The token was inspired by a dog named Achi, whose owner posted a picture of the dog in a hat.&nbsp;</p> 
<p>WIF has <a href="https://crypto.news/dogwifhat-meme-coin-market-capitalization/" target="_blank" rel="">peaked</a> at a market cap of over $4 billion and traded above $4 this year, but the token plunged below $3 following a sweeping market correction. Following the listing news, WIF declined more than 7% in 24 hours and exchanged hands around $2.72 per CoinGecko.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14265786"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/Screenshot-389-1024x517.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="517" src="https://crypto.news/app/uploads/2024/04/Screenshot-389-1024x517.png" alt="OKX lists Solana meme coins Dogwifhat, Cat in a Dogs World - 21"> 
 </picture> 
 <figcaption class="wp-element-caption">
  WIF price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p>Conversely, the MEW meme token surged over 51% after OKX announced trading support. MEW still traded under a cent at a $444 million market cap. The cat-themed crypto juxtaposes canine-inspired memecoins like WIF and older projects such as Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="">DOGE</a>) and Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" rel="">SHIB</a>).</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14265787"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/Screenshot-391-1024x520.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="520" src="https://crypto.news/app/uploads/2024/04/Screenshot-391-1024x520.png" alt="OKX lists Solana meme coins Dogwifhat, Cat in a Dogs World - 22"> 
 </picture> 
 <figcaption class="wp-element-caption">
  MEW price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p> You might also like: <a href="https://crypto.news/dogwifhat-meme-pic-sold/" rel=""> Dogwifhat original meme photo sold for $4.3m in ETH </a> </p> 
<h2 class="wp-block-heading" id="okx-pivots-from-strict-listing-policy">OKX pivots from strict listing policy</h2> 
<p>Listing WIF and MEW may <a href="https://www.okx.com/help/okx-to-list-wif-mew-for-spot-trading" target="_blank" rel="">signal</a> a shift from the typical listing policy on crypto trading venue OKX. Last month, a user implored OKX CEO Star Xu to consider listing certain projects, touting the concepts as community-oriented and “cutting-edge.”</p> 
<p>Xu responded by saying that the platform followed a specific listing strategy and would not cater to online requests.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Let me clarify OKX listing team’s vision is discover valuable and early stage utility tokens for our customers. We don’t accept pitching for listing, we research potential projects from the market and keep to track the performance of the tokens for long time. Our listing… <a href="https://t.co/JgRr6JaZJq" target="_blank" rel="">https://t.co/JgRr6JaZJq</a></p>— Star (@star_okx) <a href="https://twitter.com/star_okx/status/1769733521793536340?ref_src=twsrc%5Etfw" target="_blank" rel="">March 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The reasons for the apparent pivot are unclear and remain unknown at press time, but this has not stopped crypto X participants from speculating. Several users said the platform was forced to adapt to bull run demand or risk losing money.</p> 
<blockquote class="wp-block-quote"> 
 <p>“Think the reason is that we are in bull season, and if they don’t adapt this, they would lose their revenues”</p> <cite>– X user <a href="https://twitter.com/0xOliverWong31" target="_blank" rel="">Oliver Wong</a><br><a href="https://twitter.com/0xOliverWong31" target="_blank" rel=""></a></cite>
</blockquote> 
<p>Listing WIF and MEW also comes as the platform <a href="https://crypto.news/okx-repositions-us-compliance-team-as-highest-priority/" rel="">prioritizes</a> its U.S. compliance efforts. Regulators in the region, like the U.S. SEC, have frequently said that most cryptocurrencies fall under securities laws, although these agencies have yet to specify their stance on memecoins. </p> 
<p> Read more: <a href="https://crypto.news/okx-repositions-us-compliance-team-as-highest-priority/" rel=""> OKX repositions US compliance team as highest priority </a> </p>

OKX lists Solana meme coins Dogwifhat, Cat in a Dogs World

Indice dei contenuti

crypto.news

Altri articoli pubblicati su 15 apr 2024

Leaper Finance Exposed: Sleuth Uncovers Alleged Multi-Million Dollar Crypto Scam

Israel's War Cabinet Vows To Respond 'Clearly And Forcefully' To Iran, G7 Mulls Sanctions On Tehr...

Will $SCORP Investors Experience 100x Gains Today as It Goes Live on PancakeSwap?

Largest Federal German Bank to Offer Crypto Custody Service

NEO Price Prediction: Can NEO Overtake Bitcoin in the Race?

THORChain & Fantom Enthusiasts Rally Behind DeeStream on Back of Stage 2 Presale Massive Potential

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!