The leading cryptocurrency exchange – BITMEX – announced the delisting of ten perpetual swap contracts on its platform. Namely, the trading pairs include FLOKI/USD, FLOKI/USDT, 1TAIDOGE/USD, 1TAIDOGE/USDT, BOB/USD, GMX/USD, GMX/USDT, ORDI/USD, RNDR/USD, and TURBO/USD.
The company said removing the aforementioned options follows “insufficient trading interest in these contracts.”
“Once a contract has expired, the lifetime profit and loss of that contract will be added to the user’s Bitcoin balance for XBT margined contracts or Tether balance for USDT margined contracts, and this contract will no longer appear on the Positions section,” BitMEX clarified.
Despite being included in the delisting effort, the price of Floki Inu (FLOKI) did not suffer. In fact, the memecoin has gone up approximately 3% for the past 24 hours (per CoinGecko), defying the overall bearish trend in the cryptocurrency market since the BTC ETF rumors turned out to be false.
The asset has been among the best-performing memecoins lately. While the largest ones by market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – have recorded minor gains in the past 30 days, FLOKI has surged over 15%.
Taking a Closer Look at the Memecoin Realm
Floki Inu is only one of the hundreds of memecoins that exist nowadays. Those assets have been quite intriguing for investors due to their enhanced volatility and potential for rapid price increases. However, individuals should keep in mind that some of them have little-to-no use cases and could present serious risks.
Readers willing to find out more about the biggest memecoins, their purposes, and specifics could take a look at our dedicated video below:
