MEXC's latest report shows high interest in new tokens, especially meme coins, amid overall market volatility.
January and February Trends on MEXC
In January and February, meme coins accounted for about 50% of all new listings on MEXC. Seven out of the top ten most traded tokens were launched in February, reflecting sustained interest in promising listings despite overall market volatility.
Impact of Meme Coins on the Market
February outperformed January in terms of average peak increases for new tokens, climbing from 388% to 660%. TST led the surge, reaching a staggering 4,792% increase, followed by ELONSOL at 1,128%. This underscores the high trader interest in meme coins tied to public and political figures.
Dominance of Meme Coins in New Listings
The TRUMP token dominated the market, accounting for over 45% of the total trading volume for new tokens, indicating significant investor interest and cementing its position as a top-performing asset. Meme coins continue to drive trading activity, with record-breaking price surges in MEXC listings.
MEXC's data highlights the sustained demand for meme coins and social trends. The popularity of these tokens reaffirms MEXC's leading role in the market as an exchange for discovering new digital assets.
