Memecoin (MEME) has emerged as in the present day’s standout, with its buying and selling debut on exchanges sparking important curiosity. Consequently, an airdrop mania seems to be on the horizon.
Memecoin Surges over 2500%
From the early hours, the excitement round Meme Token’s spectacular 2500% surge has been palpable. This meteoric rise for a newly launched token has caught many eyes, with MEME now at $0.025699. The query on everybody’s thoughts is what comes subsequent, particularly with an airdrop occasion looming because the demand has already began pouring in.
MEME/USDT 24-hour worth chart (supply: Binance)
Lookonchain broke the information in the present day, hinting at an impending airdrop craze for MEME. The reported figures are staggering, with 2.35 billion MEME tokens requested. This transfer interprets to roughly $52.4 million, accounting for 13.6% of the provision.
Moreover, Lookonchain additionally sheds gentle on the profiles of the requesters, pointing towards cryptocurrency whales. An fascinating element to notice is that upon MEME’s listing on Binance, its worth soared to $0.1. Focusing on the whales, @lastvikingeth has requested 50.73 million MEME tokens, amounting to $1.13 million. On the opposite hand, @dingalingts has put in a request for 26.88 million tokens, roughly equating to $599,000.
Looking at different MEME whales, @Keungzeth has requested for twenty-four.92 million tokens, valued at about $555,000, whereas @BitroxEth has requested 20.62 million tokens, roughly $459,000.
Implications of the Demand Surge
This huge inflow of MEME requests might sign an impending sale wave. Moreover, Binance rewards these staking BNB, USDT, and FUSD with MEME tokens, indicating ongoing distribution.
Consequently, the swift motion by whales to promote might considerably affect MEME’s worth, probably resulting in a market dip. Significantly, MEME’s market worth has simply surpassed the $1 billion mark.
Read Also: Binance Announces Memecoin Perpetual Listing, MEME Price Falls 20% On Debut
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