Meme Index ICO Shrugs Off Libra Meme Coin Shock, Hits $3.75M

The Meme Index ($MEMEX) has defied market turbulence to coast past $3.75 million in funding in its presale.

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 currently available in the presale at $0.0162933 per token. 

However, this price will increase in the next 22 hours as the project moves to its next funding stage.

Which President Pulled The Rug: Javier Milei, Donald Trump—Or Both?

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. Just last month, U.S. President Donald Trump and First Lady Melania gained crypto billionaire status with the launch of 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 since dropped by 75%.

In essence, the $LIBRA situation mirrors that of the $TRUMP tokens, raising the question of which president truly “pulled the rug.”

Meme Index Increases The Odds Of Winning

The creation of the Meme Index marks a step toward safer meme coin investing, providing 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 a larger number of tokens, investors increase their chances of achieving a positive return and managing risk within their portfolio.

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 valued 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 looking to chase big wins. With tokens under $50 million, this index carries the highest degree of risk among the four, but it also offers the possibility of up to 1,000x returns if any token reaches a $1 billion valuation.

Bet On Murad Favorite $SPX Or Meme Index With $SPX? 

One of the most respected meme coin advocates in crypto is Murad Mahmudov, who is 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.

By utilizing an index to invest in meme coins, such as the Meme Titan Index, which includes $SPX, investors can tilt the odds in their favor. 

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.

How To Buy $MEMEX

As mentioned, investors need $MEMEX tokens to access the Meme Index, and they are available exclusively during the ongoing presale.

To get started, simply head 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 even create new indexes.

Meme Index offers staking rewards with an impressive 609% APY.

The platform has been audited by reputable firms like Coinsult and SolidProof, ensuring the security of its smart contract.

For the latest updates, join the Meme Index community on Telegram and X.

Visit the Meme Index.

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