Shiba Inu, Dogecoin, Bonk and Others: Classic Meme Coins Get Massive Advantage

Traditional Meme Coins Gain Edge on South Korean Exchanges

According to Upbit, the prominent South Korean crypto exchange, established meme coins like Shiba Inu, Dogecoin, and Bonk have a significant advantage. Upbit's cautious listing policy requires meme coins to have been traded for a minimum of two years.

This policy favors tokens with longer histories, as evidenced by Upbit's listings. Well-known meme coins like Dogecoin (listed in 2021) and Shiba Inu (listed in 2023) maintain considerable market shares.

Price Performance of Listed Coins

Dogecoin is currently experiencing an uptrend, trading around $0.14. This bullish momentum is supported by recent volume spikes, indicating renewed interest.

Shiba Inu, trading marginally lower at $0.00001796, also exhibits an upward trend and may be benefiting from the volume boost observed in other meme coins.

Impact of Restrictive Listing Policy

Upbit's stringent listing criteria restricts newer tokens from entering the exchange, giving existing meme coins a competitive edge.

Conclusion

Due to local trader demand and regulatory compliance, the selective listing policy ensures the continued success of well-established tokens like DOGE and SHIB in the South Korean market.

Emerging tokens like Bonk and Pepe face greater challenges due to these restrictions, highlighting the advantages enjoyed by already-established meme coins.