"Meme Coin Market Plunges, MEMEX Raises $3.7M in Presale"

The meme coin market, valued at $67.1 billion, has witnessed a significant decline since mid-January, with the broader crypto market experiencing a downturn. Despite this trend, Meme Index (MEMEX) has shown remarkable potential, raising over $3.7 million in its presale phase.

MEMEX is developing a decentralized meme coin index platform that will enable users to make pooled investments, simplifying entry into the rapidly changing meme coin market. The project aims to introduce a four-tiered system, including Titan, Moonshot, Midcap, and Frenzy indexes, catering to different risk and reward levels.

MEMEX is a governance token, giving its holders the opportunity to vote on key project decisions, such as adding or removing meme coins from each basket. The project has allocated 20% of its total token supply to marketing and another 20% for community rewards, fostering growth and promotion of the Meme Index brand.

Analyzing MEMEX's tokenomics reveals that 25% of the total token supply is reserved for staking rewards, with a current APY of 609%. Investors can potentially multiply their token holdings by over 6x through long-term staking. However, the staking pool is rapidly growing, with over 164 million MEMEX already staked, leaving investors with limited time to take advantage of the massive staking APY.

Meme coin expert ClayBro believes that MEMEX is poised to join the market at the perfect time, as he expects meme coins to rebound this year. He anticipates an explosive launch for MEMEX and predicts 10x gains for the token, citing the pro-crypto stance of President Trump's administration and the potential emergence of the first meme coin ETFs.

Currently, Meme Index costs $0.0162933 each, but the price is set to increase as the presale advances through stages. Investors can still accumulate MEMEX using ETH, BNB, USDT, or a traditional bank card with no minimum investment required. The project has had its smart contract audited by Coinsult and SolidProof, ensuring investor funds are safe.

MEMEX aims to list on DEXs once the presale wraps up, coinciding with the token