- Solana-based meme coin MEW has recently experienced an 18% surge in price following a significant new listing on the exchange Bithumb.
- This recent listing has ignited a wave of investor interest and significantly boosted market activity.
- “Listing on a major exchange like Bithumb could potentially elevate MEW’s market stature,” commented an industry expert.
MEW achieves an 18% price rise following Bithumb listing, signifying massive investor interest.
MEW’s Remarkable Price Surge Following Bithumb Listing
MEW, a meme coin built on the Solana blockchain, has been making waves in the cryptocurrency market. Recently, it experienced a remarkable 18% increase in its price, partially buoyed by its listing on the Bithumb exchange. This newly announced listing on Bithumb’s Wonhwa Market has generated significant trading volume and garnered substantial market interest. The Solana network exclusively supports deposits for MEW, and the listings have spurred a progressive trend, marking MEW as a potential contender in the niche cryptocurrency markets.
Market Dynamics and Investor Sentiment
Following the announcement, Bithumb outlined that deposits for MEW began at 03:30 PM, April 7, with trading and withdrawals kicking off at 06:00 PM on the same day. The listing announcement led to an instantaneous and dramatic increase in trading volumes, hitting $92.5 million within 24 hours—a 63.70% rise from the previous day. This surge in trading volume underscores growing investor confidence and heightened anticipation around the new listing.
Current Performance Metrics and Future Outlook
As of now, MEW’s price stands at $0.005179, reflecting a 17.97% increase over the last 24 hours and a 20.34% rise over the past week. With a market capitalization of $459.1 million supported by a 24-hour trading volume of $92.5 million, MEW continues to attract significant investor attention. The total circulating supply of MEW is 89 billion, a factor contributing to its robust market standing.
Impact of Exchange Listings on MEW’s Trajectory
In addition to Bithumb, another major exchange, Bitget, has also signaled support for MEW. Bitget’s listing of MEW earlier in April led to an impressive 50% price rally, highlighting the increasing enthusiasm for this Solana-based meme coin. Bitget commenced MEW trading on April 3, with deposits starting a day later on April 4. The collective backing from major exchanges provides strong validation for MEW, indicating promising prospects for the token as it continues to entrench itself in the crypto market landscape.
Conclusion
In summary, the recent listing of MEW on Bithumb has significantly impacted its market performance, driving an 18% increase in price and drawing notable interest from investors. Supported by listings on prominent exchanges such as Bithumb and Bitget, MEW’s market presence appears to be on a solid upward trajectory. As the token continues to gain traction, its future in the niche cryptocurrency market looks increasingly promising.
