Binance, the largest cryptocurrency exchange in the world, has recently added a new altcoin called MEW to its futures trading platform. MEW, a memecoin based on Solana, saw a significant increase in its price following this listing. While it is not available for spot trading on Binance currently, it can be traded on the futures market. Other major exchanges like Bybit and Kucoin have listed MEW for spot trading.
Memecoins based on Solana have gained popularity recently due to the network’s low transaction fees and token minting costs. This has attracted developers looking to create memecoins with minimal effort and users looking to avoid high transaction fees. At the time of writing, MEW has a market value of $395 million, with no information available on its maximum token supply.
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