[PRESS RELEASE – Singapore, Singapore, December 7th, 2024]
LBank Labs has published its “Top 10 Trending Memecoins of 2024” report, which analyzes the expansion of the memecoin market. The report indicates that the total market capitalization of memecoins will reach $120 billion in 2024.
According to the report, the memecoin landscape will significantly transform in 2024, evolving from speculative assets to a diverse ecosystem driven by community engagement and technological innovation. This shift has opened up new opportunities for cryptocurrency exchanges to enhance their market presence through strategic initiatives.
Throughout 2024, LBank Cryptocurrency Exchange implemented comprehensive project evaluation and market deployment strategies in memecoins. Performance metrics indicate notable market returns, with the highest gains in LBank including GOAT at 29.900%, followed by ACT (7.860%), MOODENG (6.746%) and PNUT at 4.868%.
Beyond token listings, LBank has demonstrated a deep commitment to developing the project ecosystem. After the SLERF founder incident, LBank took an active role in community rebuilding efforts. LBank partnered with the founder of SLERF to launch a donation initiative. LBank not only made the first contribution but also acted as custodian of the donation address. As of June 14, the donation address had received more than 40,000 SOL, which was used to compensate private investors affected by the initial incident.
In early 2024, LBank launched the slogan “Discover the era of meme legends.” This market positioning strategy, along with systematic project evaluation protocols, yielded strong results during the following Meme Summer period.
LBank Cryptocurrency Exchange has marked significant growth milestones, including reaching 15 million users worldwide. The recent launch of X Plan, combined with a continued focus on memecoin strategies, demonstrates the platform’s commitment to expansion. These developments, along with continued platform improvements, position LBank for continued growth in the evolving crypto market.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in over 210 countries and regions. With a daily derivatives trading volume of over $67 billion and support for over 800 cryptocurrencies, LBank is committed to providing a comprehensive, easy-to-use trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets.
As a pioneer in the Meme coin market, LBank Crypto Exchange has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in listing Meme coins for the first time, LBank has become the go-to platform for Meme coin investors.
Follow LBank for updates
Website: https://www.lbank.com/
Twitter: https://twitter.com/LBank_Exchange
Telegram: https://t.me/LBank_en
Instagram: https://www.instagram.com/lbank_exchange
LinkedIn: https://www.linkedin.com/company/lbank
For media requests, please contact: Email: press@lbank.com
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