Meme Index (MEMEX) has crossed the $2 million mark in its ongoing presale phase. The project has attracted crypto investors as it looks to build the first decentralized memecoin index platform.
Meme Index brings structure to memecoin investing with a four-tiered system
The new Meme Index project takes a structured approach to the meme coin market.
Like the S&P 500 revolutionized equities investing, Meme Index aims to be a gateway to memecoins through four separate indexes. These include the Titan Index, featuring the likes of DOGE and PEPE, and the Frenzy Index, which focuses on higher-risk emerging tokens.
By offering broader exposure through indexes tailored to different risk levels, Meme Index’s team seeks to tackle one of the space’s biggest challenges: filtering through the noise to find promising opportunities. There’s also a community governance element at play.
MEMEX holders can vote on which coins are included in each index – ensuring they remain relevant while avoiding scam projects. This setup also provides a reason for community members to hold MEMEX long-term.
The project’s X (formerly Twitter) page has reached 19,000 followers, while the official Telegram channel has 2,300 members.
CoinSniper has also ranked MEMEX on its list of upcoming token launches to watch.
MEMEX token presale passes $2m as staking draws investor interest
Meme Index’s presale has gained significant momentum in recent weeks. Total funding has passed $2 million, with early investors securing MEMEX tokens for $0.015043 each.
Interest has been particularly strong among those drawn to the staking opportunities - over 90 million tokens have already been locked into the protocol before launch.
Staking rewards will be claimable once the MEMEX token goes live on exchanges. Accessibility also appears to be a clear focus for the Meme Index team.
Source: Meme Index
The project’s presale accepts multiple payment methods including ETH, USDT, BNB, and credit card. While the team has not announced a hard cap or end date for the presale, the token price will increase in 24 hours as the current stage closes.
Post-presale plans include an initial launch on a DEX, followed by potential CEX listings to boost liquidity.
According to Meme Index’s whitepaper, the team has also set aside 20% of the supply to fund market campaigns. They’ve even allocated 20% for community rewards and incentives.
The token allocation and reward structure suggest Meme Index’s team has a focus on long-term growth and engagement.
How Meme Index plans to stand out in the $107b memecoin sector
The memecoin sector, now valued at over $107 billion, regularly attracts more than $14 billion in daily trading volume.
Due to this, both retail and whale investors are becoming increasingly involved in the space. Big names like VanEck and BitMEX have responded with their own meme coin indexes.
However, Meme Index takes a different approach. Its four-tiered system offers exposure across the entire ecosystem, rather than focusing solely on large-cap coins with sizable communities.
Crypto analysts have noted the appeal of this setup. They pointed out that Coinsult and SolidProof have audited Meme Index’s smart contracts – finding no red flags or vulnerabilities.
With the meme coin sector experiencing a shaky start to 2025, there could be an opportunity for a project like Meme Index to stand out. It’s a project many are watching as its presale continues to hit milestones.