The crypto exchange has announced that withdrawals for both memecoins are set to open on April 16 at 10 a.m. UTC. The token’s inspiration stemmed from a dog named Achi, whose picture in a hat was shared by its owner.
Following the listing news, WIF experienced a decline of over 7% in 24 hours, with its trading price at approximately $2.72 per CoinGecko. MEW, on the other hand, was still being traded for less than a cent, with a market cap of $444 million.
Last month, a user urged OKX CEO Star Xu to consider listing specific projects, highlighting their community-oriented and “cutting-edge” concepts. In response, Xu stated that the platform adhered to a specific listing strategy and would not accommodate online requests.
The reasons behind this apparent change in direction remain unknown at this time, leading to speculation among crypto X participants. Some users suggested that the platform may have been compelled to adapt to the demand of a bull run or face financial losses.
Regulators in the region, such as the U.S. SEC, have frequently asserted that most cryptocurrencies are subject to securities laws. However, these agencies have yet to clarify their stance on memecoins.
