Despite recent declines in cryptocurrencies, trading platforms continue to announce new listings. Binance recently made multiple listing announcements, and other centralized exchanges, including Coinbase, also kept their notifications busy with new listings throughout the week.
Latest Altcoin Listing
According to a recent announcement from Coinbase, the token for ME Coin, a popular NFT platform within the Solana $182 ecosystem, will be listed. Earlier today, Binance also announced an airdrop eligibility related to this token.
While this article was being prepared, Coinbase, the largest cryptocurrency exchange in the U.S. by volume, stated in its announcement:
“Coinbase will add support for Magic Eden (ME) on the Solana network. Please do not send this asset via other networks, as your funds may be lost. Trading will begin later today, provided liquidity conditions are met. Trading will be gradually initiated on the ME-USD trading pair once sufficient supply is available. Support for ME may be restricted in certain jurisdictions.”
The Magic Eden contract address is MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u.
Coinbase will add support for ME under an Experimental label.”
The Experimental label is applied to tokens that exhibit high volatility and extra risk. Although it saw absurd prices like 30 dollars due to pre-market listings on Gate, these high spikes are meaningless given the thin liquidity. Many centralized exchanges initially started listing in futures pairs, with daily peaks around 5.3 dollars and lows at 4.2 dollars.