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MemeFi Token Skyrockets After Airdrop Success
MemeFi Airdrop Sparks Massive Surge
The much-anticipated airdrop of MemeFi has sent shockwaves through the crypto community, with CoinGecko reporting a staggering 120% surge in the MEMEFI token’s price. This surge has catapulted its market cap to over $127 million, marking a significant milestone for the popular Telegram ecosystem.
Token Utility and Exchange Listings Drive Rally
With over 50 million users worldwide, MemeFi has created a robust ecosystem where users can earn tokens through various activities such as gaming, daily check-ins, referrals, and social media engagement. The recent surge in price can be attributed to the airdrop success, as well as the token being listed on major exchanges like OKX, Bybit, Bitget, and MEXC, opening it up to a global audience.
The token’s utility extends to activities such as staking, burning for derivatives, participating in prediction markets, and accessing ad network discounts. Interestingly, MemeFi chose to build on the Sui layer-1 network instead of the TON Blockchain, contributing to Sui’s growing DEX volume.
TapSwap Airdrop Delayed as Developers Plan Ecosystem Expansion
While MemeFi celebrates its successful TGE, TapSwap, another prominent Telegram app, is still awaiting its airdrop launch. Despite initial promises for a July launch, delays have pushed the event into the “third quarter,” with ongoing discussions with industry players to ensure a seamless rollout.
Future Prospects with Tap-to-Earn Gaming Platform
To bolster the utility of its TAPS token, TapSwap is developing a skill-based Web3 gaming platform aimed at the tap-to-earn community. This initiative aims to offer fair rewards and opportunities for gamers, showcasing a commitment to building a sustainable ecosystem beyond the airdrop phase.
While the success of MemeFi’s token post-airdrop sets a positive precedent, the challenge remains for TapSwap to navigate the volatile market of “to-earn” tokens, with historical examples like Decentraland and Axie Infinity facing significant price corrections from their all-time highs.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
