Poloniex Lists 94 Memecoins in 100 New Tokens, באתר Protos

Protos took a close look at Poloniex's last 100 listings and found that almost every single one of those tokens were memecoins.

Poloniex, a cryptocurrency exchange owned by TRON founder Justin Sun, has listed a slew of memecoins in recent months.

An analysis by Protos of the exchange’s last 100 listings found that 94 of them were memecoins. The remaining listings were categorized as tokenized assets, restaking, AI, and utility tokens.

Among the memecoins listed by Poloniex are slop, Fartcoin, Goatseus Maximus, PUSS, and Harambe. There are also several tokens that appear to be using intellectual property and likenesses that the teams behind the tokens do not control.

For example, there are tokens named after Elmo, Wukong (the coin’s description makes clear that it is a reference to Black Myth: Wukong), Caprisun, and Changpeng Zhao.

The descriptions for many of these tokens simply say “meme token,” but some provide more details that raise questions.

The Elmo token, for instance, claims explicitly that it “is the legendary character from the classic TV Show ‘Elmo’s World’” and even goes so far as to say that “Elmo left behind his old world and arrived in TRON. He has become the red mascot of the red chain, TRON.”

However, as far as Protos has been able to confirm, there is no agreement between TRON and the holders of the Elmo intellectual property, something that Sun should be aware of.

Poloniex has a history of listing assets that other exchanges have shied away from, and the current memecoin craze appears to have provided a pretext for the exchange to further lower its standards.

Protos contacted Poloniex’s listing team to inquire about its listing process, but we have yet to receive a response.