MemeFi (MEMEFI) Pre-Market Trading Kicks Off on Kucoin, Bybit Introduces Perpetual Contracts

The MemeFi pre-market price has stabilized at $0.014 USDT, with a floor price matching its last traded value. Early bids have reached as high as $0.012 USDT.

MemeFi pre-market price stabilizes at $0.014 USDT with floor matching last traded value

What Happened: MemeFi ($MEMEFI) pre-market trading commenced on Oct. 25 at a price of $0.014 USDT, which also serves as the floor price, aligning with the last traded value before the token generation event (TGE).

Early bids reached as low as $0.012 USDT on Kucoin, where pre-market trading is available. As of press time, the total trading volume spans 42,000 USDT, showcasing strong demand.

According to trading charts, the average order price is $0.013 USDT, indicating a gradual increase in the token's value. Buy orders are concentrated at the $0.014 and $0.015 levels, suggesting further upward momentum.

MemeFi pre-market trading is conducted on a separate platform from the main exchange, allowing users to trade $MEMEFI before its official launch. The platform features over-the-counter (OTC) trading mechanics, where buyers and sellers can set and match prices.

Recent Chain Listings: As MemeFi's TGE approaches, several major exchanges have listed $MEMEFI on their platforms.

Bybit introduced $MEMEFI perpetual contracts on Nov. 12, offering up to 5x leverage for traders seeking to amplify their gains.

Meanwhile, MEXC announced the addition of $MEMEFI to its Innovation Zone, where the token will be available for trading until the TGE.

Tokenomics and Community Participation: MemeFi has allocated 90% of its total supply of 10 billion tokens to the community through airdrops, incentives, and ecosystem rewards.

Smaller allocations are dedicated to liquidity, partnerships, and early adopters, prioritizing community participation and decentralized governance in the project's structure.

The project's initial choice of Ethereum's Linea Layer-2 solution was later shifted to the Sui Layer-1 blockchain, offering faster transactions and improved scalability.

MemeFi Airdrops and Snapshot: MemeFi conducted several airdrop campaigns, engaging its community and rewarding participation.

Ahead of the final snapshot on Nov. 6, the platform offered 3x rewards for users who engaged in partner campaigns. This snapshot ultimately determined final eligibility for the airdrop.

To streamline the verification process, MemeFi introduced the OKX Airdrop Checker, enabling participants to confirm their eligibility status and prepare for token claims.

On-chain claims opened during the TGE, allowing users to access their $MEMEFI rewards.