OKX is letting users pick which meme coins get listed on the exchange. Users have five coins to select from.
On Friday, OKX announced the launch of a meme token voting event. Users have until April 24 at 6:00 a.m. UTC to deposit their preferred meme coins to OKX to vote for their favorite tokens to be listed. The meme tokens included in the vote are ArbDoge AI (AIDOGE), BONE ShibaSwap (BONE), Bonk (BONK), Optimus AI (OPTI), and Pepe (PEPE). The vote results will be announced on April 24 at 10:00 a.m. UTC.
According to CoinGecko, Pepe, a new Ethereum-based token named after the memetic icon Pepe the Frog, has gained a market cap of $86 million in less than five days, making it the sixth-most valuable meme coin.
Currently, all the coins are worth under a dollar, according to CoinMarketCap. However, OPTI is worth the most by a mile, currently sitting at $0.39.
Meme Coins on the Rise
Meme coins are typically created as a joke or a parody. However, some have gained popularity and a significant following.
One reason for their popularity is their low price, not to mention relatively little risk, making them accessible to anyone. Additionally, they often attract a community of like-minded individuals who share a common interest in the meme.
Meme coins often have little to no utility and function purely as speculative assets. However, this is not always the case. Meme coins are often more volatile than other digital assets. To critics, they often symbolize the worst aspects of the crypto market.
Dogecoin (DOGE), founded in 2013, is by far the most popular of its kind. It launched in 2013 as a parody of Bitcoin inspired by the “Doge” meme.
Despite originating as a joke, DOGE gained a following and garnered a kind of cult status within the crypto community. Its price has been highly volatile, but it won renewed attention in 2021 after Elon Musk tweeted about it. The eccentric billionaire has given the coin significant support for over a year.
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