BRC Memecoin SATS Soars Over 40% After OKX Confirms Listing Plans

• Bitcoin chain-based memecoin Satscoin (SATS) continued its memorable uptrend after crypto exchange OKX announced on Friday that it would add support for the token on December 18. The memecoin surged over 40% after a blog post by OKX confirming the intended listing and is trading above $0.00000088 at press time.

OKX stated that it would commence receiving SATS deposits on December 15, three days prior to the listing. The exchange would then list the token for spot trading on the aforementioned date but only allow withdrawals of SATS on Tuesday after the Monday listing.

SATS is a type of BRC-20 token on the Bitcoin chain. The memecoin has existed on a low since its launch in June but has attracted investors’ interest since November when ordinals became a thing in crypto. SATS is currently ranked #211 in the crypto project rating.

The Listing Spree Continues

SATS would continue its exchange listing spree with its debut on OKX on December 18. The memecoin was listed on the largest crypto exchange, Binance, on December 12. SATS surged over 100% on the listing announcement, surpassing Ordinals (ORDI) to become the largest-capped token on the BRC-20 network.

OKX joins a growing list of centralized exchanges supporting SATS, with the likes of Kucoin, Bitget, Gateio, MEXC, BingX, and many others already in the mix. The numerous listings have seen SATS gain a market cap of $1.86 billion and a trading volume of $240 million.

Memecoin Season?

With hopes of the altcoin season and the ETF approval frenzy still very much alive, recent trends have shown that the market might be in a memecoin frenzy. Several memecoins have recently gained traction as the bull market is almost underway. SATS’ push to the limelight followed the path of memecoins like BONK and BOB, which have turned early investors into millionaires.

BONK surpassed $1 billion market cap after Coinbase and Binance listed the token yesterday and today, respectively. The Solana-based memecoin did over 300% and is among the trending tokens in the crypto space. Investors are now on the lookout for the next memecoin that will take the crypto market by storm.