OKX users now have the green light to deposit two Solana-based memecoins, Dogwifhat (WIF) and the Cat in a Dog’s World (MEW), with the first withdrawals slated for tomorrow.
In response to the surging popularity of memecoins, cryptocurrency exchange OKX has jumped on the bandwagon by adding major rising stars like Dogwifhat (WIF) and the Cat in a Dog’s World (MEW) to its lineup.
The exchange officially kicked off spot trading for WIF and MEW, as announced on their platform. OKX users can now stash their WIF and MEW tokens on the exchange to start trading these memecoins against the Tether stablecoin.
Spot trading for WIF will commence at 9:00 am UTC on April 15, one hour after MEW spot trading goes live. OKX has marked April 16 at 10:00 am UTC as the date for withdrawals to open up for both tokens.
WIF and MEW have quickly risen in popularity, with daily trading volumes reaching millions of dollars. Both coins, built on the Solana blockchain, have been outshining competitors like Ethereum and Avalanche thanks to the memecoin frenzy.
Dogwifhat (WIF), launched in November 2023, has become a heavyweight in the memecoin realm, securing a spot among the top 50 coins by market capitalization by early 2024, valued at almost $50 billion.
As of now, WIF stands as the 41st largest cryptocurrency by market cap and the third largest memecoin, trailing behind Elon Musk’s beloved Dogecoin and Shiba Inu, according to CoinMarketCap data. The token is currently trading at $2.9 , reflecting a roughly 11% increase over the past 24 hours.
On the other paw, the fresh addition to the memecoin universe, Cat in a Dog’s World (MEW), made its debut on March 26, aiming to disrupt the dog-dominated memecoin landscape, which includes DOGE, SHIB, and WIF.
MEW is currently trading at $0.0052, showing an 80% surge in the past 24 hours, as per CoinMarketCap data.
These newly listed memecoins join OKX’s existing roster of around 20 memecoins, as shown on their official website.
