Memecoins Get New BitMEX Basket Index for Simpler Trading
full version at dailycoin
BitMEX introduces a new index contract for memecoins. Aims to a simpler and more secure memecoin investing. Memecoin traders lost millions to rug pulls this year. Memecoins have seen a significant rise this year, fuelled by growing retail investor enthusiasm. For instance, in just a year after its launch, Solana-based Pepe memecoin rose 16000% to a $4 billion market cap. With the growing appetite for memecoins, exchanges are increasingly looking to tap into that market. Most recently, BitMEX launched a basket index fund that tracks the biggest memecoins. The product aims to offer a safer and simpler way to
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