OKX has added WIF and MEW to their list of trending meme coins, surpassing the popularity of Shiba Inu and Doge.

The cryptocurrency exchange OKX has added two well-known meme coins, WIF/USD (Dogwifhat) and MEW/USD (Cat in a Dog’s World), to its list of offerings. This decision was made as more people are becoming interested in meme coins, causing them to have market values in the billions. OKX users can now deposit and trade WIF and MEW tokens using Tether stablecoin. On April 15, trading for these tokens began and withdrawals became available on April 16.

Both WIF and MEW have seen significant growth in the past few months. WIF, which launched in November 2023, now has a market capitalization of nearly $5 billion, making it one of the top 50 cryptocurrencies. It currently ranks number 42 and is the third-largest meme coin, following only Dogecoin. MEW, on the other hand, was launched on March 26 and aims to compete with other dog-themed meme coins such as DOGE and Shiba Inu.

As of right now, WIF is trading at around $3, showing a 9% increase in the last 24 hours. MEW is currently trading at $0.0052, exhibiting an 87% jump from the previous day.

With the addition of WIF and MEW, OKX now offers about 20 meme coins on their platform. The growing popularity of these coins raises concerns about their long-term sustainability and role in the cryptocurrency world. These topics will likely be discussed at Benzinga’s upcoming Future of Digital Assets conference on November 19.

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