Memecoins Dominate 50% of New Token Listings on MEXC in January and February

MEXC, a prominent global cryptocurrency exchange, has released its latest token listing and trading data for January and February, revealing a significant trend in the market. The data shows that memecoins accounted for nearly 50% of all new token listings during this period. This trend underscores the growing investor interest in community-driven and viral digital assets, despite the overall market volatility and downturn.

Out of the 451 new tokens listed on MEXC between January and February, approximately 245 were memecoins. This dominance highlights the increasing appetite for tokens that gain traction through social media and community engagement. The report also notes that seven out of the top 10 tokens by trading volume were launched in February, indicating sustained demand for high-profile listings even in a more subdued market environment.

February saw a notable increase in the average peak performance of new tokens, with the figure rising from 388% in January to 660%. TST and ELONSOL were standout performers, with TST surging by 4,792% and ELONSOL rising by 1,128%. The top 10 new tokens by trading volume recorded an average peak increase of 756%, reflecting high levels of trader interest and market activity.

Celebrity and politically themed memecoins were particularly notable for their price surges. Four of the top five best-performing tokens—TST, ELONSOL, MELANIA, and CAR—were linked to public figures. The top three memecoins (TST, ELONSOL, and MELANIA) recorded an average peak increase of 2,338%, compared to 640% for the top three non-meme tokens (BSX, J, and RIZ). This disparity underscores the influence of social trends and celebrity endorsements on token performance.

The TRUMP token was a dominant force in the market, accounting for over 45% of the total trading volume for new tokens. Its significant market liquidity and investor interest further solidified its position as a top-performing asset. This trend highlights the continued demand for trendy tokens and social trends, with meme coins driving trading activity on the exchange.

MEXC’s data underscores its position as a leading exchange for discovering and trading early digital assets. The exchange’s deep liquidity and diverse listings offer traders unique opportunities in the fast-moving digital asset space. As MEXC remains committed to supporting innovations and trends, it continues to provide a platform that is both accessible and rewarding for both new traders and experienced investors.