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Libra meme coin has spurred institutional demand for managed meme coin funds as TradFi demand exposure – MEMEX ICO hits $3.5M.
The Meme Index ($MEMEX) continues to surpass its presale funding milestones, reaching a total of $3.75 million.
Even more impressive is that this milestone was reached during a broader sector sell-off triggered by the Libra ($LIBRA) fiasco, which even sent bearish sentiment into Solana.
So why are investors still flocking to the Meme Index?
It’s seen as a safer bet for those entering the sector. As crypto’s first meme index, it allows investors to spread risk across four different indexes, each with varying levels of risk, while still offering strong potential for gains in the memetic assets space.
To access these indexes, investors need to hold $MEMEX tokens, which are currently available in the presale for $0.0162933 each.
However, this price will increase in the next 22 hours as the project moves to its next funding stage.
LIBRA Meme Coin: Did The President of Argentina Really Do a Rug Pull?
On February 15, the $LIBRA token skyrocketed to a market valuation of over $4.5 billion on its launch day. However, within just a few hours of trading, the token quickly plummeted, losing 80% of its value.
LIBRA $319.97M – LIBRA / USDC on Solana / Meteora – DEX Screener
As of writing, $LIBRA’s market cap is just about $319 million. The token became controversial after Argentine President Javier Milei made a now-deleted post on X promoting it, which led to lawsuits accusing him of orchestrating a rug pull and further souring investor sentiment.
Pump.fun founder Alon was outraged by the $LIBRA incident and called for stronger user protection measures on his platform.
I’m disgusted by the events that transpired over the past days surrounding $LIBRA. The people behind this project made substantial personal gains at the expense of many users, the ecosystem, and even an entire country.
I hope the people responsible get what they deserve.
I’m…
— alon (@a1lon9) February 17, 2025
Solana, the preferred blockchain for meme coins and the one $LIBRA resides on, took a hit, with the coin dropping from $177 on Tuesday to about $164.
Crypto, however, has seen similar situations before. Last month, U.S. President Donald Trump and First Lady Melania gained crypto billionaire status by launching their meme coins, Official Trump ($TRUMP) and Official Melania ($MELANIA).
While both tokens initially soared to a combined market cap of over $16 billion, they’ve dropped by 75%.
In essence, the $LIBRA situation mirrors that of the $TRUMP tokens, raising the question of which president truly “pulled the rug.”
Managed Meme Coin Funds Like MEMEX Increase Chance For Retail and TradFi to Win
The creation of the Meme Index marks a step toward safer meme coin investing. It provides protection for investors against tokens that disproportionately benefit creators at their expense.
While meme coins are inherently volatile, there’s potential for substantial gains if capital is strategically allocated. Much like in roulette, where spreading bets across different sections or combining inside and outside bets improves your chances of winning, meme coin investing benefits from diversification.
By spreading capital across larger tokens, investors increase their chances of achieving a positive return and managing risk within their portfolio.
(Source)
The least volatile option with the Meme Index is the Meme Titan Index, made up of tokens with a market cap of over $1 billion, like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE). These well-established tokens are relatively less volatile, making them a solid starting point for gaining exposure in the sector.
Next is the Moonshot Index, which includes tokens with a market cap ranging from $250 million to less than $1 billion. Though more volatile, these tokens have the potential to follow in the footsteps of Meme Titan tokens if the market conditions align.
Then there’s the Midcap Index, which features tokens between $50 million and $250 million. These coins tend to be more unpredictable, offering higher risk and, for the right investors, a chance to gain better alpha.
Finally, the Meme Frenzy Index is for those chasing big wins. With tokens under $50 million, this index carries the highest degree of risk among the four. Still, it also offers the possibility of up to 1,000x returns if any token reaches a $1 billion valuation.
Screw Murad’s SPX: MEMEX Is a Real Meme Coin Index With Institutional Capacity
One of the most respected meme coin advocates in crypto is Murad Mahmudov, known for his bullish view that the rise of meme coins last year was just the tip of the iceberg.
The Princeton graduate has already named his top picks for this year in an X post, and some of them are already part of one of the Meme Index’s indexes.
One token Mahmudov believes is primed for a wild bull run is SPX6900 ($SPX). He predicts it will reach a million holders soon – a forecast that could certainly drive the token’s value up.
#SPX6900 will have Millions of Holders soon.
This is the future. You are early.
This is a once-in-a-decade opportunity. pic.twitter.com/rF6kAI8gib
— Murad 💹🧲 (@MustStopMurad) February 17, 2025
If Mahmudov’s prediction comes true, $SPX could lead the entire sector. However, betting on his prediction is still a game of probability, as unknown factors could certainly cause major changes.
Investors can tilt the odds in their favor by utilizing an index to invest in meme coins, such as the Meme Titan Index, which includes $SPX.
If $SPX takes off, it could pull other top meme coins along with it, meaning those with capital spread across the index can benefit from the positive momentum of all the tokens in the basket.
Here’s Everything You Need to Know to Join the MEMEX Presale
As mentioned, investors need $MEMEX tokens to access the Meme Index, and they are available exclusively during the ongoing presale.
To get started, go to the Meme Index website and connect a wallet (e.g., Best Wallet). You can purchase $MEMEX using USDT, ETH, BNB, or even a bank card.
$MEMEX tokens also serve as governance tokens, meaning holders can influence the tokens that make up each index or create new indexes.
Meme Index offers staking rewards with an impressive 609% APY.
Reputable firms like Coinsult and SolidProof have audited the platform, ensuring the security of its smart contract.
For the latest updates, join the Meme Index community on Telegram and X.
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