Amid Kanye West Meme Coin Chaos, Safer Meme Index Hits $4M

Meme Index ($MEMEX) is nearing $4 million in presale, drawing traders in search of a safer technique to spend money on meme cash.

In the meantime, American rapper Ye (previously referred to as Kanye West) is stirring confusion within the crypto area with the launch of a meme coin – solely to later deny any involvement. Regardless of this, the scenario has already raised issues that it may very well be one more rug pull.

Investor frustration is mounting as high-profile figures proceed to use their affect for fast earnings, casting doubt on the legitimacy of the meme coin sector.

The Meme Index safeguards in opposition to such scams by diversifying threat throughout a broad basket of tokens whereas permitting traders to decide on which meme cash to incorporate of their index.

Entry to those indexes is unique to $MEMEX holders, whose numbers are rising as traders rush to purchase on the present presale worth of $0.0164896 earlier than the following worth improve in lower than 17 hours.

Rapper Ye Creates Media Circus Over Potential Meme Coin Launch

Since final week, the controversial rapper Ye has claimed he plans to launch a token referred to as YZY, named after his clothes model Yeezy.

Nevertheless, the rollout has been chaotic, with erratic X posts involving Binance CEO CZ, a string of racist remarks, and even a self-proclaimed Nazi stance. At one level, Ye even teased launching “Swasticoin.” 

He later claimed he now not managed his Twitter account and deleted earlier posts about launching a meme coin altogether.

Your complete spectacle has became a media circus, with hypothesis over whether or not Ye will truly launch a token. This uncertainty even sparked a Polymarket guess, the place 40% of the $22 million quantity is wagering that he’ll launch a coin this month.

Will Kanye launch a coin in February?

If Ye does launch his personal token, he can be coming into a market already flooded with celebrities who’ve leveraged their fame for fast crypto earnings – most of which expertise short-lived worth spikes earlier than crashing.

Experiences recommend that Ye plans to imitate $TRUMP’s tokenomics, aiming to retain 80% management of the availability – a setup many traders already see as a rug pull within the making. Nonetheless, some merchants are hoping to “get in early” and money out rapidly, as summed up by a hilarious meme circulating on Reddit.

Everybody once they heard in regards to the Kanye West meme coin : r/solana

But, for a lot of – particularly these burned by Argentina President Javier Milei’s rip-off token, Libra ($LIBRA) – Ye’s potential launch appears like one more celebrity-backed money seize that can go away a long-lasting stain available on the market.

Meme Index Brings Sanity To The Wild West World Of Meme Cash

For meme cash to regain a $100 billion market cap, the business should curb shameless cash grabs by high-profile figures.

The unregulated nature of meme coin launches permits anybody to create a token with out authorized penalties. Nevertheless, the sector dangers self-destruction as greed fuels a relentless chase for the “subsequent huge factor.”

The Meme Index offers a safer different for these in search of publicity to meme property. By investing in indexes, capital is unfold throughout a number of meme cash, producing returns based mostly on their collective efficiency.

There are 4 index choices, every providing various ranges of volatility:

• Meme Titan Index – The least unstable, that includes prime meme cash like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE), all valued at over $1 billion.
• Moonshot Index – Contains tokens valued between $250 million and $1 billion, with the potential to interrupt into the highest 10 meme cash.
• Midcap Index – A better-risk possibility with tokens starting from $50 million to $250 million in market cap, providing important upside potential.
• Meme Frenzy – Probably the most speculative index, that includes new and extremely unstable tokens valued at underneath $50 million. Whereas it presents the possibility for optimum beneficial properties, it additionally carries the chance of steep losses.

By offering structured publicity to meme cash, Meme Index helps traders navigate the sector with much less threat whereas nonetheless capitalizing on its explosive progress potential.

Bitwise CIO Says Index Investing Is The Future

Final week, Bitwise CIO Matt Hougan expressed that index-based investing is how the crypto ETF business will obtain even greater progress than what it experiences now, which is probably a step nearer to a meme coin index ETF within the close to future.

A meme coin index ETF may be a extra logical step if the intention is to generate far more secure returns in the long term than particular person meme coin property.

And who is aware of? The Meme Index has already established fairly a superb array of meme coin property in its indexes, which may make it a helpful mannequin for structuring a meme coin sector ETF.

However whereas that has not come to fruition but and is probably nonetheless years away, one factor crypto traders can guess on is that the Meme Index can be launching quickly.

To entry the abovementioned indexes, they’ll maintain $MEMEX tokens, that are presently obtainable within the ongoing presale.

Right here’s How To Purchase $MEMEX In Presale

Go to the Meme Index web site, join your pockets (e.g. Greatest Pockets), and buy $MEMEX utilizing USDT, ETH, BNB, or perhaps a financial institution card.

With every $MEMEX token, customers can affect which tokens are included in every index and even suggest new indexes for the group to spend money on.

The Meme Index platform has been audited by respected companies like Coinsult and SolidProof, which provides traders peace of thoughts concerning the safety of its good contracts.

Be a part of the Meme Index’s rising group and be a part of the dialogue on their Telegram and X accounts.

Be taught extra in regards to the Meme Index.