LBank Reports Strong Memecoin Market Performance in 2024

[PRESS RELEASE – Singapore, Singapore, December 7th, 2024]

LBank Labs has launched its “Top 10 Trending Memecoins of 2024” report, analyzing the memecoin market enlargement. The report signifies that memecoins’ complete market capitalization reached $120 billion in 2024.

In line with the report, the memecoin panorama remodeled considerably in 2024, evolving from speculative property into a various ecosystem pushed by neighborhood engagement and technological innovation. This shift has opened new alternatives for cryptocurrency exchanges to boost their market presence via strategic initiatives.

All through 2024, LBank Cryptocurrency Exchange carried out complete venture analysis and market deployment methods in memecoins. Efficiency metrics point out notable market returns, with highest beneficial properties on LBank together with GOAT at 29,900%, adopted by ACT (7,860%), MOODENG (6,746%), and PNUT recording 4,868%.

Past token listings, LBank has proven deep dedication to venture ecosystem growth. After the SLERF founder incident, LBank took an lively position in neighborhood rebuilding initiatives. LBank partnered with SLERF’s founder to launch a donation initiative. LBank not solely made the primary contribution but in addition served because the custodian for the donation tackle. As of June 14, the donation tackle had obtained over 40,000 SOL, which was used to compensate non-public traders impacted by the preliminary incident.

In early 2024, LBank launched the slogan “Uncover The Period of Meme Legends.” This market positioning technique, coupled with systematic venture analysis protocols, delivered sturdy outcomes throughout the next Meme Summer time interval.

LBank Cryptocurrency Exchange has marked vital development milestones, together with reaching 15 million customers globally. The current launch of X Plan, mixed with continued deal with memecoins methods, demonstrates the platform’s dedication to enlargement. These developments, together with ongoing platform enhancements, place LBank for continued development within the evolving crypto market.

About LBank

Based in 2015, LBank is a number one world cryptocurrency exchange, serving over 15 million registered customers in additional than 210 nations and areas. With every day derivatives trading quantity of greater than $67 billion and help for over 800 cryptocurrencies, LBank is dedicated to delivering a complete and user-friendly buying and selling expertise. By way of revolutionary buying and selling options, LBank has helped customers obtain common returns of over 130% on newly listed property.

As a pioneer within the Meme coin market, LBank Crypto Trade has listed over 240 mainstream Meme cash and 40 Meme gems, with a number of reaching beneficial properties of over 500%. Because the business chief in first-time Meme coin listings, LBank has develop into the go-to platform for Meme coin traders.

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