Price: $0.41975 -6.2162%
Market Cap: 61.67B 1.8587%
Volume (24h): 11.84B 0.4%
Dominance: 1.8587%
Price: $0.41975 -6.2162%
Market Cap: 61.67B 1.8587%
Volume (24h): 11.84B 0.4%
Dominance: 1.8587% 1.8587%
  • Price: $0.41975 -6.2162%
  • Market Cap: 61.67B 1.8587%
  • Volume (24h): 11.84B 0.4%
  • Dominance: 1.8587% 1.8587%
  • Price: $0.41975 -6.2162%
Home > Information news > Meme Coin Index with SHIB, DOGE, WIF, PEPE, and BONK Launched by Major Exchange

Meme Coin Index with SHIB, DOGE, WIF, PEPE, and BONK Launched by Major Exchange

Release: 2024/07/04 14:02 Reading: 606

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/668634612e582d6e7840845e

Meme Coin Index with SHIB, DOGE, WIF, PEPE, and BONK Launched by Major Exchange

BitMEX Launches Meme Coin Basket Index

BitMEX, a renowned digital asset exchange, has introduced a meme coin basket index. This innovative product provides exposure to the top 10 most valuable meme cryptocurrencies by market capitalization, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and dogwifhat (WIF). BitMEX touts it as the "S&P 500 for crypto meme coins."

The index is margined in Tether (USDT), with a leverage of up to 25X. Its composition is based on the market share of the included coins. DOGE, SHIB, and PEPE account for 60%, while WIF, FLOKI, and Bonk have smaller weightings.

MarketVector and the Mainstream Appeal of Meme Coins

In May 2022, MarketVector, an affiliate of VanEck, launched a similar index tracking leading meme coins. This included DOGE and SHIB, as well as lesser-known projects like FLOKI. The index marked a significant step towards legitimizing meme coins.

The meme coin craze has been a prominent force in recent bull markets. Coins such as PEPE and WIF have experienced significant price gains.

Pump.Fun's Solana Success

Pump.fun, a Solana-based meme coin factory, recently surpassed Ethereum in revenue. Over a million tokens have been created on its platform. The platform's popularity is partly attributed to the rise of Solana-based celebrity meme coins, such as those created by Iggy Azalea.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.