Several Meme Coins are Soaring Big with Initially Listed on CoinW
The past few weeks have witnessed a “meme coin frenzy” in the crypto market. At CoinW, AiDodge was listed 3 days after its official launch. Within a few days, its price has spiked by more than 20X. LADYS, which was first listed on CoinW, saw a 1000% increase over the first-night listing. The same goes for Sponge, with a 548.69% price increase at its peak, $14M in the liquidity pool. According to CoinW Research, the average price increase at the peak for all the first listing meme coins on CoinW exchange has reached 681.37% since May.
However, behind the “meme coin frenzy” scene, it is crucial to understand that investing meme coins are highly risky, with barely any economic or business use case or utility. They exist mainly to be spread in the community and to be traded. Unlike Bitcoin and Ethereum, meme coins are designed to pay homage to a funny or interesting picture, video, or other streaming media. In general, the original purpose of creating these coins is to go viral. Take the first meme coin Doge for example. It was launched in 2013 as a joke to mock Bitcoin and other cryptocurrencies without actual use. And this is true for most meme coins in the crypto market.
Although it is a highly risky investment, with its low price and skyrocketing chance, meme coins have been the entry points for many new crypto investors. And because of that, CoinW Research is dedicated to providing profound insights into the trending coins to see if it is market-driven or hype through research. Investors can thus avoid unexpected volatility and losses. The listing process of LADYS on CoinW is a result of that. CoinW Research team has found out that Milady NFT was connected with the surge of PEPE. On 8th May, there was an airdrop called LADYS, which targeted Milady NFT and PEPE. The team was concerned about a hype behind it. Until 10th May, magnate Elon Musk tweeted Milady NFT in the evening, coupled with mass liquidity pouring in, the team realized the market for LADYS was coming. It was listed on CoinW right after Elon Musk’s tweet, with a 1000% surge over the listing night.
CoinW Research team is comprised of members from a wide range of backgrounds, including experienced crypto market researchers, investment bankings, etc. With the analytical tool and methodology, the research team has enabled quite a few skyrocket coins to be listed at their very early stages. Investors thus make more profits with a lower price. The listing of AiDoge was a result of that. The team discovered that AiDoge is analogous to Bonk, whose market cap once reached $80M at its peak, whereas the former was only $5M. Meanwhile, AiDoge was airdropping on Arbitrum. Based on the above research, the team believed there would be an ample space for AiDoge to grow. AiDoge was thus listed on CoinW exchange three days after its launching with a price of $0.00000000005. It spiked 20X in a few days after being listed. Moreover, CoinW listed PEPE, the lead of the meme coin craze, before some top exchanges, such as OKX AND Binance. It surged 22X after being listed at the price of $0.0000002.
Founded at the emergence of DeFi in 2020, the team saw data-driven research on DeFi projects as a way to empower investors and CoinW listing standard by providing quality analysis and informative reports. Additionally, CoinW Research has developed profound research in the field of NFT, GameFi, and blockchain technology over the past few years. Overall, the team has been aiming to spread cryptocurrency culture for the benefit of the whole crypto community.
