Key Points
- OKX crypto exchange announces the listing of Foxy (FOXY) on their spot trading market.
- The coin will be listed on April 12, and the initial airdrop will include the top 100k users ranked by Metamask swaps number.
OKX announced the launch of spot trading of Foxy (FOXY) at 16:00 on April 12. According to the official announcement, FOXY deposits will open at 8:00 am UTC today.
FOXY/USDT spot trading will open at 8:00 am UTC on April 12, and the FOXY withdrawals will open at 10:00 am UTC on April 13, according to the OKX announcement.
FOXY is considered the first memecoin built on the Linea blockchain, a project developed by ConsenSys to address scalability challenges on the Ethereum network.
https://twitter.com/okx/status/1777609686709059639
Foxy also announced the launch for this Friday, April 12, at 8:00 am UTC, revealing their partners, including OKX, ByBit, Linea, Acheron, Lynex, and Skypunch.
https://twitter.com/FoxyLinea/status/1777610057271701681
What is the Linea Blockchain?
Linea is a Layer 2 (L2) solution for Ethereum, and it has been designed to provide scalability and flexibility for decentralized applications (dApps).
It combines zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, and it enables easy creation or migration of dApps.
The technology is used for faster and cheaper transactions compared to the Ethereum mainnet.
Linea and FOXY are relatively new projects and it should be highlighted that even considering the backing of ConsenSys that lends some credibility to Linea, it’s crucial to do some deep research before investing.
Memecoins in the spotlight recently
Speaking about memecoins, it’s important to remember that these are speculative and extremely volatile investments, and they should be treated as such.
Their value often relies on hype and community sentiment rather than established utility.
Recently the memecoins built on Solana have been in the spotlight a lot. Despite having a tough past week, the memecoins on the Solana ecosystem are mostly trading in the green today on CoinMarketCap.
Solana developers are continuously working to deliver a fix that tackles the failed transaction issues that have arisen due to an implementation bug.
The issues were a surprise for the Solana ecosystem, which is usually known for its high rate of stability and throughput, but it’s reassuring to know that Solana will most likely receive a fix for the so-called “implementation bug” on April 15.
The fix and the bug were addressed earlier by the CEO of Helius Labs, a firm that offers back-end support exclusively to the Solana network, Mert Mumtaz.
