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Bybit, a leading global crypto exchange, has announced the upcoming listing of the Solana-based meme coin MEW, sparking investors' hopes for a potential price recovery.
Bybit Announces MEW Token Listing, Igniting Hope for Price Recovery Among Investors
Bybit, a worldwide recognized crypto trading platform, has revealed plans to sell the Cat in a Dogs World (MEW) coin, causing a stir in the cryptocurrency community, Coingape reported.
In a post released on X today, April 18, the exchange stated that it intends to launch spot trading for MEW on its platform soon, stoking enthusiastic enthusiasm for the token among crypto market traders and investors worldwide.
The newest update from one of the world's most popular cryptocurrency exchanges has sparked significant investor interest in the Solana-based meme coin MEW. Let's look closer at Bybit's MEW token listing announcement, which appears to have sparked some price recovery sentiment among crypto market enthusiasts despite recent declines.
According to Bybit's release, MEW spot trading on the platform will begin shortly. The listing will take place on April 19 at 8 AM UTC, followed by deposits and withdrawals on April 19 at 4 AM UTC over the Solana network. Once listed, MEW will be available for trading via Spot Grid Bots, providing traders with new opportunities.
Bybit Boosts MEW Token Launch with Promotional Events, Aiming to Fuel Market Recovery
Meanwhile, to commemorate the significance of this listing event, Bybit increased its efforts to support the launch by hosting special activities for traders with a prize pool of a remarkable 40,000,000 MEW. The first event will occur from April 19 at 4 AM UTC to May 7 at 9:00 AM UTC, while the second will occur from April 19 at 8 AM UTC to May 7 at 9 AM UTC.
This revelation infused the MEW token with excitement, as the Solana-based meme coin's prior listings on CEXs OKX and Bitget spurred a price increase.
Simultaneously, crypto market experts predict that this listing news will launch a rebound trend for MEW despite its recent significant fall. However, historical data may not always predict an asset's future performance in the volatile world of cryptocurrency.
MEW Token Struggles Amid Market Downturn, Investors Eye Potential Rebound
The Cat in a Dogs World token's price has dropped by 22.13% in the last 24 hours to $0.004923. The token's market capitalization fell 22.76%, while its 24-hour trading volume dropped 23.50%.
This portrayed a gloomy picture for MEW at press time, casting even more doubt on the token's prospects for a significant price recovery.
Nonetheless, crypto market fans continue closely monitoring MEW, which is in line with its past listing history. They anticipate a price action shift with the aforementioned listing.
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