Memecoins
Bithumb to List ETH Layer 2 Project Backed by Vitalik Buterin and Top Meme Coin
Bithumb, South Korea’s second-largest cryptocurrency exchange, has revealed plans to list BRETT and TAIKO on the Korean Won markets on July 9 at 6:00 PM local time. TAIKO is a layer-2 Ethereum zkEVM network that has received support from Vitalik Buterin. BRETT is a major cryptocurrency based on the Base chain. Both cryptocurrencies have seen significant price increases following the announcement of their listing, reflecting investor enthusiasm.
Listing details and market impact
Bithumb has officially scheduled the launch of trading for BRETT and TAIKO on the Korean Won market on July 9 at 6:00 PM local time. This announcement has generated considerable excitement and trading activity among investors, leading to significant price increases for BRETT and TAIKO.
TAIKO, a zkEVM Ethereum Layer 2 The TAIKO network, backed by Vitalik Buterin, will be listed at a base price of 2,938 won. The exchange has set the number of deposit confirmations required for TAIKO transactions at 30. This relatively low number of confirmations suggests a balance between security and transaction speed, which could appeal to traders looking for efficient transactions.
BRETT, a popular meme coin deployed on the Basic chainwill enter the market with a base price of 149 won. Bithumb has raised the bar for BRETT transactions, requiring 200 deposit confirmations. This increased number of confirmations could indicate a more cautious approach towards the meme coin, perhaps due to the volatile nature of these tokens.
The IPO on Bithumb, one of the largest cryptocurrency exchanges in the busy South Korean market, represents a significant milestone for BRETT and TAIKO. This move is expected to significantly increase their visibility and trading volume. The increased exposure on a major platform like Bithumb not only improves the liquidity of these tokens, but also attracts a new pool of investors, potentially contributing to their upward price momentum.
Additionally, listing on a reputable exchange like Bithumb can be seen as a form of validation for these projects, especially for TAIKO, given its association with Ethereum co-founder Vitalik Buterin. This could lead to increased confidence among investors and potentially pave the way for listings on other major exchanges in the future.
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Current market performance and future prospects
According to the latest data, Brett (BRETT) The stock is trading at $0.1239, with a 24-hour trading volume of $83.9 million and a price increase of 7.41% over the previous day. Its market capitalization is $1.2 billion, based on a circulating supply of 9.9 billion BRETT.
Taiko (TAIKO) TAIKO stock price is $2.28, with a 24-hour trading volume of $57.1 million and a price increase of 10.92% in the last 24 hours. Its market cap is $144.6 million, with a circulating supply of 63 million TAIKO.
The substantial price movements following the announcement of Bithumb’s listing indicate a positive market reception and suggest potential for further growth. As BRETT and TAIKO continue to gain traction, their listing on a leading exchange like Bithumb should boost investor confidence and encourage broader market adoption.
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