From Mascot to Market Sensation: LUCE Token Surges in Popularity After Bybit Futures Listing

Following a recent CNF update on the BYDFi listing LUCE token, the Luce (LUCE), a Solana-based meme coin inspired by the Catholic Church's Jubilee mascot

Fresh off a recent CNF update on the BYDFi listing for the LUCE token, the Solana-based meme coin inspired by the Catholic Church’s Jubilee mascot has seen a surge in popularity following a futures listing on Bybit.

The coin, minted just three weeks ago, rose 13% in the last 24 hours to trade above $0.23.

Bybit’s “Innovation Zone” now offers up to 12.5x leverage for LUCE, indicating high volatility and risk.

However, Luce's connection to the vibrant Jubilee mascot and its quick traction among crypto enthusiasts have fueled its meteoric rise in popularity, which was also reflected in a recent tweet by Bybit:

🚀 #LUCEUSDT Perpetual Contract is now Live on #BybitContract with @BelieveInLuce!

Trade with up to 12.5x Leverage.

📈 Trade $LUCE: https://t.co/t8rm0KMs1S#BybitTrading #BybitListing pic.twitter.com/q3QZJREgCS

— Bybit (@Bybit_Official) November 19, 2024

From Mascot to Market Sensation

Initially unveiled as the Catholic Church’s mascot for the Jubilee Year, Luce quickly became a crypto phenomenon. The mascot’s youthful design, featuring bright blue hair and a yellow raincoat, resonated with a younger audience.

Within hours, crypto enthusiasts created the unofficial meme coin, LUCE, which took off from its launch on Pump.fun and went on to achieve an $80 million market cap in just two days.

Early traders have reaped massive gains; one trader turned 15 SOL into $425,000 within weeks.

Community Power Driving New Listings

It is important to note that Luce’s rapid growth, including 24-hour trading volumes exceeding $100 million and its inclusion in Bybit’s perpetual contracts, could lead to a spot listing on the platform.

A Bybit ByVotes campaign, running from November 20-22, will allow LUCE holders to vote for its spot listing. Successful voters will split a 1-million LUCE prize pool, valued at $250,000.

Just 22 days old, Luce boasts the ninth-largest market cap among Solana tokens created on Pump.fun, rising 893% over 14 days and 47% in the past week.

Meanwhile, Solana (SOL) is priced at $237.13, with a decrease of 3.24% in the past day and a 14.48% increase over the last week. See SOL price chart below.