MEXC’s data reveals that four out of five of the best-performing tokens listed from January to February were linked to public figures. The cryptocurrency exchange has released the first quarter’s data on token listing and trading trends for January and February, showcasing strong market demand for new tokens, particularly meme coins, despite overall market volatility and a downturn.
The report showed that the number of new tokens peaked from 388% in January to 660% in February, with TST surging by 4,792% and ELONSOL by 1,128%. Together with MELANIA and CAR, both tokens were among the five best-performing tokens. Of 451 new tokens listed on MEXC between January and February, meme coins accounted for approximately 50% (245 tokens), with TRUMP dominating over 45% of the total trading volume among new token listings. With a combined spot and futures trading volume surpassing $23 billion, TRUMP lured significant market liquidity.
The February trading volume shows that seven out of the top 10 tokens by trading volume were launched with an average peak increase of 756%, highlighting continuous demand for promising listings despite market volatility. The numbers reflect the positive sentiment of the investors, shown in the increased interest in community-driven and viral digital assets.
Meme coins’ nature exemplifies modern value creation in the crypto ecosystem. Evolving into a dynamic financial instrument with unrestricted trading they attracted traders with earning opportunities, although associated with high risks. Users who consider meme coins investment need to conduct thorough due diligence, examining key factors such as the project’s official website, tokenomics, social media presence, development team, and past media coverage.
