The article discusses the listing process for meme tokens on Upbit, one of the leading South Korean cryptocurrency exchanges. Upbit has been relatively conservative in expanding its selection and only recently listed meme tokens like BONK, PEPE, and BRETT after they had traded for two years and met regulatory requirements. These meme tokens are also listed on Bithumb, another top South Korean exchange. However, the potential listing of new meme tokens may be limited due to new regulations. Despite being listed on Upbit, meme tokens can still be volatile and experience significant drawdowns. The meme token market is currently correcting, and the previous top meme tokens may not always dominate the market. There are competing groups of tokens, including traditional doge-themed coins, AI-driven trend tokens, and the up and coming batch of meme tokens promoted by individuals like Murad Mahmudov. Overall, meme tokens face challenges in gaining listings on centralized exchanges, but Upbit's listing can provide some level of vetting and potentially boost the reliability of these tokens.
- Content Editor ( cryptopolitan.com )
- 2024-10-23
Upbit listed PEPE, BONK and BRETT only after two years of trading history