Meme Coins Dominate New Token Listings: MEXC Report
A new report by cryptocurrency exchange MEXC revealed that approximately 50% of new token listings in early 2025 belonged to the memecoine meme coin category. Despite recent market fluctuations, interest in community-driven digital assets has remained strong and unwavering.
MEXC listed 451 new tokens between January and February 2025, with meme coins accounting for 50% of all the listings. Despite ongoing market volatility, these coins accounted for a significant portion of trading activity, with seven of the ten highest-volume tokens launching in February. Meme coins experienced substantial price growth, with the average peak price rising from 388% in January to 660% in February. Among the standout performers are TST, which increased by 4,792%, and ELONSOL, which increased by 1,128%. On average, the ten most actively traded new tokens saw a peak increase of 756%.
The report revealed that the TRUMP token was the most actively traded new asset during this period, accounting for over 45% of the total trading volume. With combined spot and futures trading volume exceeding $23 billion, TRUMP attracted significant interest and liquidity. The success of the TRUMP coin highlighted the increasing influence of politically themed cryptocurrencies in the market.
Insights from the report showed that meme coins associated with public figures attracted attention and experienced particularly high gains. The favorable market reception for these coins was evident, with four of the top five best-performing tokens (TST, ELONSOL, MELANIA, and CAR) all associated with well-known personalities. This aligns with a broader trend in the industry, in which social media hype and celebrity endorsements significantly impact crypto valuations and market sentiment.
In the past, we have witnessed how public influence can drive demand market movements, such as Dogecoins rise following Elon Musks tweets. In February, the top three meme coins recorded an average peak increase of 2,338%, surpassing the 640% seen among non-meme tokens.
The popularity of meme coins suggests a shift in how traders assess digital assets. Traditional fundamentals have often been overshadowed by meme culture, social media momentum, and significant online community backing. This evolving market dynamic presents both opportunities and risks, as hype-driven assets can experience extreme volatility.
MEXCs latest findings reflect a broader shift in the digital asset space, where community engagement and social trends shape market activity. Its not clear whether the demand for socially driven tokens will remain the same after a series of negative market events, but meme coins are likely to remain a significant force in the cryptocurrency ecosystem.
Read more: https://zycrypto.com/meme-coins-dominate-new-token-listings-mexc-report/
Text source: ZyCrypto
