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Cryptocurrency exchange OKX has declared the addition of two popular Solana SOL/USD meme coins, namely Dogwifhat WIF/USD and Cat in a Dog’s World MEW/USD.

In recent times, meme coins have been gaining immense popularity, with some even achieving multi-billion dollar valuations.

Users on OKX can now deposit and trade both WIF and MEW tokens against the Tether stablecoin.

Trading commenced on April 15, with withdrawals for both tokens becoming available on April 16.

The growth of both WIF and MEW has been remarkable in recent months.

WIF, which was introduced in November 2023, has emerged as a significant player, attaining a market capitalization of nearly $5 billion by the first quarter of 2024, positioning itself among the top 50 cryptocurrencies.

Presently, WIF holds the 42nd position and stands as the third-largest meme coin after Dogecoin – the favored memecoin of Elon Musk – as per data from CoinGecko.

Also Read: Notable Crypto Trader Reveals 2024 Forecasts For These Three Altcoins

The current trading value of WIF is approximately $3, indicating a 9% increase in the last 24 hours.

On the other hand, the recently launched MEW on March 26 is currently trading at $0.0052, marking an impressive 87% surge in the past 24 hours, as reported by CoinGecko.

By listing WIF and MEW, OKX has expanded its memecoin offerings to around 20, as stated on their website.

The escalating popularity of meme coins like WIF and MEW raises discussions regarding their long-term sustainability and significance within the cryptocurrency domain.

These discussions and more are likely to be focal points at Benzinga’s forthcoming Future of Digital Assets conference on Nov. 19.

Read Next: Crypto Venture Capitalist Predicts Bitcoin Will Rally ‘Significantly’ Once $100K Barrier Is Breached

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