Memecoins and Tokens: The Wild West of Crypto Just Got Wilder! 🤠💰

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What to know:

  • Well, bless my soul! The CoinDesk Memecoin Index is here to track the fifty biggest memecoins, including the likes of dogecoin (DOGE), shiba inu (SHIB), and floki (FLOKI) — a veritable circus of digital critters!
  • The CoinDesk 100, on the other hand, is your trusty compass for the top hundred tokens by market cap, guiding you through this wild frontier.

HONG KONG – In a move that could make even the most stoic cowpoke raise an eyebrow, CoinDesk Indices has launched not one, but two index products to wrangle the price shenanigans of memecoins and the top hundred tokens by market capitalization. This announcement came at the Consensus Hong Kong, where the air was thick with excitement and the scent of opportunity.

The CoinDesk Memecoin Index, bless its heart, will keep an eye on the largest fifty memecoins by market capitalization — a list that reads like a who’s who of the crypto zoo. Meanwhile, the CoinDesk 100 serves as a single benchmark for the top hundred tokens, making it easier for folks to keep their hats on straight.

“The CoinDesk Memecoin Index is like a saloon for traders, offering liquidity and volatility, while the CoinDesk 100 is your one-stop shop for the most liquid tokens,” said Chris Tyrer, the VP and head honcho of institutional at Bullish. Sounds like a real hoedown, doesn’t it?

“We’re tickled pink to keep providing our clients access to the broader digital asset landscape, all while keeping things as regulated as a Sunday church service,” he added with a wink.

The memecoin index is equal-weighted and will be rebalanced monthly, ensuring that both the new kids on the block and the old-timers get their fair share of the pie. The CoinDesk 100 Index, being market cap-weighted, serves as a single reference point for structured products, ETFs, and risk management strategies — a veritable Swiss Army knife for traders.

And if that ain’t enough, the crypto exchange Bullish has rolled out perpetual futures on both indices, allowing traders to dip their toes into these benchmarks with deep liquidity and trading that never sleeps — just like a restless cowboy under the stars.

This launch builds on the success of the CoinDesk 20 and CoinDesk 80 perpetuals, which have collectively driven over $13.5 billion in volume. The CoinDesk 80 index perpetual future has been trading millions daily since January 2025, proving that in the world of crypto, the only thing more volatile than the prices is the excitement!

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2025-02-20 04:07