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Memecoin (MEME) has emerged as right now’s standout, with its buying and selling debut on exchanges sparking vital curiosity. Consequently, an airdrop mania seems to be on the horizon. 

Memecoin Surges over 2500%

From the early hours, the thrill 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 for the reason that demand has already began pouring in.

MEME/USDT 24-hour value chart (supply: Binance)

Lookonchain broke the information right now, 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 availability.

Moreover, Lookonchain additionally sheds mild on the profiles of the requesters, pointing towards cryptocurrency whales. An attention-grabbing element to notice is that upon MEME’s listing on Binance, its value 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 influence MEME’s value, 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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Kelvin is a distinguished author specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive evaluation and insightful content material, he has an adept command of English and excels at thorough analysis and well timed supply.

The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.