On Thursday, the Bitget Wallet introduced a new trading utility that enables meme coin enthusiasts to identify “high-potential meme coins” with potential returns of up to 100x.
The platform also announced a 15-day challenge, which provides a $25,000 reward for identifying promising coins. MemeX currently supports Solana and BNB Chain. It intends to expand to encompass additional networks eventually.
According to Bitget Wallet, MemeX’s primary feature is its real-time new coin discovery utility, which promptly identifies and lists newly launched meme coins. To make their monitoring easier, this utility displays coins from the previous 24 hours arranged by the time of their launch.
Bitget’s MemeX Combines Liquidity Filters and Real-Time Alerts to Help Traders Find Top Meme Coins
Additionally, MemeX streamlines trading by allowing users to identify potentially promising cryptocurrencies using filters for liquidity, market cap, and trading volume.
A live ticker provides users with information on trending coins, while real-time notifications inform them of new listings, ensuring that they remain proactive in their trades.
“Meme coins have emerged as a significant trend in the crypto market, and MemeX was developed to cater to the distinctive requirements of meme coin traders,” stated Alvin Kan, the COO of Bitget Wallet.
“Our objective is to establish a robust platform that enables users to make more informed trading decisions by providing them with timely market insights and on-chain asset discovery.”
MemeX Facilitates Copy Trading and Real-Time Portfolio Insights
MemeX also stated that users could monitor their meme coin portfolios in real-time, which enables them to sell assets for profit or risk management quickly.
The platform’s one-click copy trading feature also allows users to follow top traders, simplifying the process of entering promising transactions.
Furthermore, MemeX fosters community engagement by creating shareable posters based on its users’ trading results. This function facilitates sharing users’ successes or lessons on social media platforms while stimulating the vibrant meme coin trading culture.
Bitget Wallet announced the establishment of a $10 million BWB Ecosystem Fund to enhance on-chain services and support meme coin ecosystems as part of its strategy.
The wallet’s global user base surpassed 30 million last month, representing a 150% increase from the previous year. Bitget Wallet surpassed MetaMask’s 1.5 million downloads on the Google and Apple app stores in July 2024, according to CryptoRank.