Meme Index Presale Raises $3.5M as University Endowments and Charities Join the Crypto Rush

It’s hardly news that among the promises President Donald Trump made in the run-up to his election was to make the US a Bitcoin superpower, igniting the US crypto rush and the resurgence of meme coins.

In his bid to get elected, President Donald Trump promised to make the US a Bitcoin superpower, which ended up igniting the US crypto rush and the resurgence of meme coins.

“I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” said Trump in his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee. “And we'll get it done.”

And what's good for Bitcoin is good for the market as a whole, especially when powerhouse charities and university endowments are finally taking cryptocurrency seriously. The halo effect does extend to all things crypto, including meme coin projects like the one we'll be discussing in this article, Meme Index.

University endowments, charity organizations join the crypto rush

The $TRUMP meme coin debacle aside, many pro-crypto developments in the US as of late have been overall beneficial to the crypto market. And now, even charitable organizations and university endowments are joining the crypto rush.

For instance, Emory University in Georgia became the first college endowment to disclose holdings of Bitcoin exchange-traded funds last October, and others have followed suit. The University of Austin is also raising a $5M Bitcoin fund for its $200M endowment.

Meanwhile, the Rockefeller Foundation told the Financial Times that it would consider increasing its exposure to cryptocurrencies if their user base becomes more diverse.

Chun Lai, the philanthropic organization's chief investment officer and manager of the Rockefeller Foundation's $4.8 billion endowment, said that while there's no guarantee on how cryptocurrencies will perform over the next 10 years, “we don't want to be left behind if their potential materializes dramatically.”

Will meme coins benefit from the crypto rush?

The meme coin market went through the roof last year, entering 2024 with a $20B market cap and exiting at over $120B. That's a 500% increase, which is reason enough for anyone to keep an eye on the top meme coin projects.

Take Meme Index ($MEMEX) - the world's first decentralized meme coin index - as a prime example. This meme coin, currently in presale, gives investors the option to easily diversify their risk. That's a smart move considering the volatility of the crypto market, and a first when it comes to meme coins.

Meme Index features four meme coin baskets - indexes, if you will - with varying levels of volatility, giving investors broad exposure to the meme coin market but at a level of risk they're comfortable with.

The Titan Index is the least volatile of the indexes and houses the top 80 best-performing meme coins - $PEPE, $DOGE, $SHIB, $FLOKI, and co. These OGs come with lower risk but slower rewards.

The Moonshot Index features up-and-coming meme coins that are poised to make a killing - $POPCAT, $PNUT, and $MOG are among the eight meme coins in this index. The appeal is it offers more growth potential than the Titan Index, but also more volatility.

The Midcap Index, on the other hand, turns the risk factor up a notch. Here you'll find tokens like $TURBO and $BOME - meme coins with great growth potential but, at the same time, a tendency to swing wildly.

The fourth meme coin basket is the Frenzy Index. This one has Degen written all over it: high-risk meme coins with the potential to explode - say hi to $CAT and $FARTCOIN - some of the eight meme coins in the Frenzy Index.

As for who decides which meme coins go into these baskets, that's where community governance comes in. Holders of $MEMEX have a say in the direction of the project, including which meme coins are in the indexes.

Since launching in early December, the MEMEX presale has raised over $3.5M, and 1$MEMEX currently costs $0.0160352, while staking rewards are at 650%. That price, however, is set to increase as $MEMEX enters the next stage of its presale.

Wrapping up…

If this innovative meme coin sounds like your cup of tea, here's the verified link to the official $MEMEX presale website. But as always, we urge you to DYOR, since we're not financial advisors after all.

Once you do your due diligence, however, you might find our comprehensive guide to Meme Index useful. It shows you how to use $ETH, $USDT, $BNB, or a card to buy $MEMEX at the pre-listing price. The $MEMEX whitepaper is an essential read, too, while Meme Index's X channel is the best place to find regular project updates.