Solana-based Memecoin Gets Listed on MEXC

DOGEN, a memecoin built on the Solana blockchain, has officially been listed on the MEXC exchange, marking a significant milestone for the memecoin’s growing community. With its bold character and high-risk, high-reward ethos, DOGEN is positioning itself as a contender in the volatile world of meme tokens. But what does this listing mean for the token’s future? Let’s take a closer look at DOGEN’s potential and its role within the ever-evolving crypto market.

The Dogged Nature of DOGEN: A Memecoin with Attitude

DOGEN is more than just a meme token; it embodies a larger-than-life character defined by the aggressive, often flamboyant persona of a “degen” investor. The token draws inspiration from the risky, opportunistic nature of cryptocurrency traders, with a character that combines the bravado of a professional wrestler, the strategic mind of a seasoned investor, and the charm of a social media influencer.

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Much like other successful meme coins, DOGEN thrives on boldness, often encouraging its holders to embrace the high-risk, high-reward mentality. With the slogan “High risk, higher reward — and I was born to win,” DOGEN has attracted a community that shares its values of seizing every opportunity in the crypto world, from meme trading to pump-and-dump schemes. For those who resonate with the lifestyle of luxury cars, fine cigars, and the pursuit of flashy wealth, DOGEN offers a unique, engaging narrative.

The MEXC Listing and Market Performance

Currently, DOGEN is trading at $0.002008 with a 24 hour trading volume of $1,683,443. Additionally, the token has also registered a loss of 39.37% in the last 24 hours. Even if the price decrease might suggest that there was some market correction, the token getting listed on MEXC can serve the liquidity and exposure needed for the reset. The overall market movement on MEXC can entice new traders which might also improve the volume of the token and increase the price in the future.

Nevertheless, the circulating supply of DOGEN is still unknown, having a maximum supply of 10 billion coins. The high supply could create inflationary pressure in the token if there is sudden demand for buyers. Furthermore, as with other meme coins, DOGEN is also likely to be impacted heavily by market sentiment, social media sentiment or large investors eliminating the concept of price having some form of stability.

What Does the Future Hold for DOGEN?

The memecoin DOGEN token can now garner attention from communities that do not actively partake in meme coin trading, thanks to its listing on MEXC. Further, the DOGEN community can expect an increase in price and trading volume as more platforms begin to accept DOGEN. This is especially true if the community continues to use DOGEN and support the clan identity.

However, the token’s success will largely depend on its ability to maintain relevance in a crowded meme coin market. While DOGEN’s brash character and high-risk mentality appeal to a specific group of investors, the future of meme tokens remains uncertain. DOGEN’s ability to weather market volatility and stand out from the ever-growing list of meme coins will determine whether it can truly carve a niche for itself.

Additional Tokens Listed Today 

1. IMGame (IMG)—CoinEx
2. CoW Protocol (COW)—Upbit
3. Metropoly (METRO)—LBank
4. GOGGLES (GOGLZ)LBank
5. Thetan Coin (THC)—LBank