Memecoins on another run: Driving Retail Flow for CEXs
ACT & PNUT memecoins surge as Binance and OKX list them, showing CEXs may now need memecoins to drive retail flow. OpenSea 2.0 announces UI upgrades, XP points, and a potential airdrop. Arkham launches a perpetual exchange with 0 maker fees and ARKM perks, boosting ARKM's value.
Memecoin continues: ACT and PNUT
Memecoins are on another run this week, with Solana-based meme tokens taking the lead. Binance recently listed Act I: The AI Prophecy $ACT and Peanut the Squirrel $PNUT, opening trading for these tokens on 11th November. And both of them are pumping harder than anyone's expectation, making millionaires quickly such as https://x.com/bwenews.
OKX followed Binance afterwards to list ACT and PNUT. The old way of thinking is that memecoins needs CEX for broader market access, but now it seems the other way around, CEX needs memecoins to keep their retail flow.
Opensea 2.0 coming
OpenSea was the number one marketplace for NFT trading, lost its position to Blur and Magic Eden, and made a comeback announcement on Nov.4 https://x.com/opensea/status/1853462398587277737.For sure there's UI upgrade of market place and personal profile, meanwhile a bigger point is the XP points introduction, and potential Opeasea token airdrop (retroactive).
Arkham launches perpetual exchange
In crypto it seems the best business is an exchange, esp. perpetual exchange, market intelligence website Arkham also joins the team https://x.com/ArkhamIntel/status/1854186437505376395The exchange will target retail traders and compete with existing platforms such as Binance, and integrate Arkham’s research and feature live on-chain audits and proof-of-reserve (PoR).Announcement is at Nov.6 for opening sign-up, and trading will commence in the next week. There will be 0 maker fee, and taker fee discount by paying with ARKM token. Upon the announcement there is a pump to the ARKM token.
Comments ()