bitcoin
Bitcoin (BTC) $ 81,564.85
ethereum
Ethereum (ETH) $ 3,163.26
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 623.29
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.58289
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.280135
cardano
Cardano (ADA) $ 0.582623
solana
Solana (SOL) $ 210.14
matic-network
Polygon (MATIC) $ 0.40713
polkadot
Polkadot (DOT) $ 5.09
tron
TRON (TRX) $ 0.165171
bitcoin
Bitcoin (BTC) $ 81,564.85
ethereum
Ethereum (ETH) $ 3,163.26
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 623.29
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.58289
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.280135
cardano
Cardano (ADA) $ 0.582623
solana
Solana (SOL) $ 210.14
matic-network
Polygon (MATIC) $ 0.40713
polkadot
Polkadot (DOT) $ 5.09
tron
TRON (TRX) $ 0.165171

Almost every new Poloniex listing is a memecoin

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Protos took a detailed take a look at Poloniex’s final 100 listings and located that just about each single a kind of tokens have been memecoins.

We analyzed the newest 100 listings, from August 23 to October 29. Of those 100 tokens, 94 have been memecoins; the rest have been tokenized belongings, restaking, AI, and utility tokens.

Poloniex publicly claims that its “main goal is to supply customers worldwide with entry to the best crypto belongings out there.”

Nicely, the “best” seemingly embrace such outstanding examples as: slop, Fartcoin, Goatseus Maximus, PUSS, and Harambe.

Click on to enlarge.

Learn extra: Justin Solar reveals Poloniex points stop proof of reserves

There are additionally fairly a couple of tokens that appear to characterize mental property and likenesses that the groups don’t really management. Examples of the sort of token embrace: Elmo, Wukong (the outline for the coin makes clear its a reference to Black Fantasy: Wukong), Caprisun, and Changpeng Zhao.

The descriptions for a lot of of those tokens usually simply say ‘meme token,’ however when extra particulars are offered, they usually appear suspect. Elmo claims explicitly that it “is the legendary character from the traditional TV Present ‘Elmo’s World’” and even goes additional to say that “Elmo left behind his previous world and arrived in TRON. He has change into the crimson mascot of the crimson chain, TRON.”

So far as Protos has been in a position to verify, there’s no settlement between TRON and the holders of the Elmo mental property, one thing Poloniex’s proprietor, TRON founder Justin Solar, ought to perceive.

See also  YieldMax Launches ‘FIAT’ ETF to Short Crypto Exchange Coinbase

Poloniex has a protracted historical past of itemizing belongings that different exchanges have averted, and the present memecoin frenzy appears to have offered a solution to additional decrease its requirements.

Protos reached out to Poloniex’s itemizing crew to glean any details about its itemizing course of, however up to now haven’t obtained a response.

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