Last updated on March 15th, 2025 at 10:24 am
MEXC has published its token listing and trading data for January and February, revealing that memecoins made up nearly 50% of all new listings. Despite ongoing market volatility and downturns, the report highlights robust demand for new tokens, particularly memecoins, among traders on the platform.
During the two-month period, MEXC listed a total of 451 new tokens, with 245 of them classified as memecoins. February stood out as an exceptional month, with seven of the top 10 tokens by trading volume launched during this period.
The report also revealed a significant surge in the average peak increase for new tokens, rising from 388% in January to an impressive 660% in February. The average peak increase among the top 10 new tokens by trading volume reached 756%. TST led the way among the top performers with a staggering 4,792% increase, while ELONSOL followed closely with a 1,128% rise. Leading the trading volume among new tokens was the TRUMP token, which accounted for over 45% of the total trading volume.
Other notable tokens included MELANIA and CAR, both ranking among the top five best-performing assets. Significantly, four out of these five top tokens were linked to public figures, driven by social trends and celebrity associations that fueled their rapid ascent.
Notably, celebrity and politically themed memecoins experienced the most substantial price surges, with the top three meme coins—TST, ELONSOL, and MELANIA—recording an average peak increase of 2,338%. In contrast, the top three non-meme tokens—BSX, J, and RIZ—posted a comparatively lower average peak increase of 640%, highlighting the influence of social trends on trading performance.
In response to the rising popularity of memecoins, Coinbase CEO Brian Armstrong acknowledged their growing presence in the crypto space while cautioning against illegal activities like insider trading. He pointed out the long-standing nature of memecoins within the industry, drawing comparisons between Dogecoin’s longevity and Bitcoin’s prominence.
Armstrong also likened memecoins to early internet trends that initially seemed trivial but eventually gained significance, suggesting that their rise could signal a broader movement toward tokenizing digital content and financial assets.
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