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Altcoin News

MemeFi Hits $1M Pre-Market Ahead of Token Launch

MemeFi’s token launch is gradually drawing interest, driven by its airdrop initiative

Written By:
Iyiola Adrian

Last updated: October 26, 2024 2:31 AM
Published October 26, 2024 2:23 AM
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Last updated: October 26, 2024 2:31 AM
Published October 26, 2024 2:23 AM
MemeFi Hits $1M Pre-Market Ahead of Token Launch

MemeFi’s pre-market volume has reached nearly $1 million, showing strong interest ahead of its official token listing on Nov 12.

MemeFi Hits $1M Pre-Market Ahead of Token Launch
Source: X

In preparation for the listing, MemeFi has announced a partnership with Mysten Labs today to integrate Sui blockchain’s feature to launch the token in November.

According to previous reports, MemeFi will conduct a final snapshot of player activity on November 6 to determine the final token distribution for the airdrop. The finalized allocations will be announced on November 8.

Memefi also said players can now start checking their expected token allocations through OKX Wallet. The token first airdrop will also take place the same day of the listing and the criteria have previously been listed. 

According to Memefi’s announcement on Oct.17, approximately 85% of the total $MEMEFI token supply is allocated for its Telegram user base, with 5% reserved for the Web3 community. However, Memefi mentioned that some criteria will remain classified to prevent exploitation.

Also Read: MOODENG Soars 200% After Debut on Binance Exchange

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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