Key Takeaways
- GIGA meme coin’s market cap reached $600 million, reflecting an 8.5% enhance within the final 24 hours.
- Kraken additionally introduced a brand new DeFi blockchain, Ink, specializing in decentralized buying and selling and lending.
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Kraken introduced in the present day that the GIGA meme coin will likely be out there for full buying and selling on October 29.
📅 A sneak peek at subsequent week’s listings:
Oct twenty eighth – 14:00 UTC
Community expansions$PUFFER$PYUSDOct twenty ninth – 14:00 UTC
Full buying and selling$GIGA👀 Roadmap updates each Thursday ⤵️https://t.co/hv1TlhIJJf
*Geographic restrictions could apply pic.twitter.com/uDeLAU08lv
— Kraken Professional (@krakenpro) October 24, 2024
GIGA, priced at $0.062 with a market cap of $600 million, has seen an 8.5% enhance over the past 24 hours, and its itemizing on Kraken is anticipated to attract much more consideration.
Meme cash have surged over the previous eight months, largely because of Bitcoin’s relative stability. With Bitcoin buying and selling in a tighter vary and displaying much less volatility, different tokens, notably meme cash, have had room to flourish.
For the reason that launch of Pump.enjoyable‘s token terminal in January, the meme coin market has exploded, with a number of cash posting beneficial properties within the hundreds of p.c, pushing the sector’s total market cap to $75 billion, in keeping with information from CoinGecko.
GIGA joins a crowded subject of profitable meme cash like GOAT, the AI-driven token that not too long ago reached a market cap of $760 million.
Kraken has been increasing its efforts past meme cash. Earlier in the present day, it introduced the upcoming launch of its DeFi blockchain, Ink, which is ready to go dwell in early 2025.
Ink will give attention to decentralized buying and selling and lending, aiming to supply a streamlined, user-friendly expertise. Notably, Kraken has opted to not concern a local token for Ink, distinguishing itself from different platforms which have taken that route.
The platform will launch with over a dozen DeFi apps and plans to develop to real-world property and superior lending merchandise sooner or later.
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