Main cryptocurrency alternate OKX deviated from its common itemizing sample and added in style Solana memecoins Dogwifhat and Cat in a Canines World.
OKX enabled deposits of Dogwifhat (WIF) and Cat in a Canines World (MEW) round 7:00 UTC. At 9:00 UTC, WIF and MEW grew to become tradable in Tether (USDT) pairs. In response to the crypto alternate, withdrawals for each memecoins are scheduled for April 16 at 10am UTC.
Regardless of launching late final 12 months, Dogwifhat is probably the biggest memecoin within the Solana (SOL) ecosystem. The token is impressed by a canine named Achi, whose proprietor posted a photograph of the canine sporting a hat.
WIF has peaked at a market cap of over $4 billion and traded above $4 this 12 months, however the token fell beneath $3 after a serious market correction. Following the itemizing information, WIF fell greater than 7% inside 24 hours, exchanging arms for round $2.72 per CoinGecko.
Conversely, the MEW meme token rose over 51% after OKX introduced buying and selling assist. MEW was nonetheless buying and selling underneath a penny at a market cap of $444 million. The cat-themed crypto combines dog-inspired memecoins like WIF and older tasks like Dogecoin (DOGE) and Shiba Inu (SHIB).
OKX revolves round a strict itemizing coverage
The itemizing of WIF and MEW might point out a shift from the everyday itemizing coverage on crypto buying and selling platform OKX. Final month, a person implored OKX CEO Star Xu to think about itemizing sure tasks, touting the ideas as community-oriented and “cutting-edge.”
Xu responded by saying that the platform adopted a particular itemizing technique and didn’t reply to on-line requests.
The explanations for the obvious pivot are unclear and stay unknown on the time of writing, however this has not stopped crypto X members from speculating. A number of customers mentioned the platform needed to adapt to rising demand or threat shedding cash.
“I believe the reason being that we’re in bull season, and if they do not modify this, they might lose their revenue”
– X person Oliver Wong
Mentioning WIF and MEW also comes as a platform gives priority its U.S. compliance efforts. Regulators within the area, such because the US SEC, have typically mentioned that the majority cryptocurrencies are lined by securities legal guidelines, though these businesses have but to specify their place on memecoins.
