MEXC Report: Memecoins Made Almost 50% of New Token Listings In February

MEXC, a leading global cryptocurrency exchange, released its January and February token listing and trading data, revealing strong market demand for new tokens, especially memecoins, despite overall market volatility.

Key Findings:

• Memecoins comprised 50% of all new tokens listed in January and February.
• Seven of the top ten tokens by trading volume launched in February, demonstrating persistent demand for promising new listings.
• The average peak increase for new tokens surged from 388% in January to 660% in February, with TST reaching a remarkable 4,792% and ELONSOL achieving 1,128%.
• Four of the top five performing tokens – TST, ELONSOL, MELANIA, and CAR – were linked to public figures, highlighting the influence of social trends.
• The TRUMP token accounted for over 45% of the total trading volume for new tokens.

MEXC listed 451 new tokens between January and February, with approximately 50% (245 tokens) being memecoins. This reflects growing investor interest in community-driven digital assets. The data underscores sustained demand for high-profile listings, even amidst a relatively quieter market in January. Seven of the top ten new tokens by trading volume debuted in February.

February's average peak increase for new tokens (660%) significantly exceeded January's (388%). TST led the way with a staggering 4,792% increase, followed by ELONSOL at 1,128%. The top ten new tokens by trading volume saw an average peak increase of 756%, indicating substantial trader interest. Celebrity and politically themed memecoins performed exceptionally well; four of the top five performers (TST, ELONSOL, MELANIA, and CAR) were linked to public figures. The top three memecoins (TST, ELONSOL, and MELANIA) averaged a 2,338% peak increase, compared to 640% for the top three non-meme tokens (BSX, J, and RIZ).

The TRUMP token dominated, accounting for over 45% of the total trading volume for new tokens, attracting significant liquidity and investor attention.

MEXC's data highlights the ongoing appeal of trendy tokens and the impact of social trends, with memecoins driving trading activity. The dominance of memecoins and their substantial price increases solidify MEXC's position as a leading exchange for early-stage digital asset discovery and trading. MEXC's commitment to innovation, deep liquidity, and diverse listings provides traders with unique opportunities in this dynamic market.

About MEXC

Founded in 2018, MEXC strives to be "Your Easiest Way to Crypto." Serving over 34 million users in 170+ countries, MEXC is known for its wide selection of trending tokens, frequent airdrop opportunities, and low trading fees. Its user-friendly platform caters to both novice and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making cryptocurrency trading more accessible and rewarding.

Disclaimer: This press release does not constitute investment advice. Readers should conduct their own research before making any investment decisions. Neither MEXC nor any other entity mentioned is responsible for any losses incurred as a result of using information in this press release.