JAKARTA One of the most popular crypto exchanges, Huobi Global, announced a trading competition for meme coins titled Elon-Promoted Meme Tokens Trading Contests. The title was taken from Elon Musk the Dogefather who liked meme coins.
Huobi explained that this memecoin trading contest focuses on leading meme coins such as Dogecoin (DOGE),rap (LADYS), Floki Inu (FLOKI), and ArbDoge AI (AIDOGE).
The crypto exchange provides a total prize of 25,000 US dollars (around Rp372 million). Huobi's trading contest will be held starting on May 15 yesterday and will end on May 22.
There are three events in this contest: first, trade on applicable future products and meet the specified criteria; second, the winner of the first event to trade spot with registered tokens and achieve certain trading volumes have the opportunity to compete for a prize of 5,000 USDT.
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Third, during the event, users who register and reach a trading volume above 5,000 USDT on registered tokens have the opportunity to get 100 percent return of their trading costs based on the ranking of their trading volume.
On the other hand, Elon Musk, who likes meme coins, has succeeded in attracting the attention of meme coin lovers. Musk's tweets imply support for meme coins including Pepe the Frog which resulted in the rise of PEPE.
Then Musk also had time to upload an NFT picture with the caption 'No meme, I love you.' This action caused a significant increase in the price of the NFT collection.
Even so, Musk did not openly mention the meme coin he supported except for the crypto meme bearing the Shiba Inu dog logo, Dogecoin (DOGE).
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