Protos took an in depth have a look at Poloniex’s final 100 listings and located that just about each single a kind of tokens have been memecoins.

We analyzed the newest 100 listings, from August 23 to October 29. Of those 100 tokens, 94 have been memecoins; the rest have been tokenized belongings, restaking, AI, and utility tokens.

Poloniex publicly claims that its “primary objective is to provide users worldwide with access to the finest crypto assets available.”

Effectively, the “finest” seemingly embody such distinguished examples as: slop, Fartcoin, Goatseus Maximus, PUSS, and Harambe.

Learn extra: Justin Solar reveals Poloniex points stop proof of reserves

There are additionally fairly a couple of tokens that appear to signify mental property and likenesses that the groups don’t truly management. Examples of this kind of token embody: Elmo, Wukong (the outline for the coin makes clear its a reference to Black Delusion: Wukong), Caprisun, and Changpeng Zhao. 

The descriptions for a lot of of those tokens usually simply say ‘meme token,’ however when extra particulars are offered, they usually appear suspect. Elmo claims explicitly that it “is the legendary character from the classic TV Show ‘Elmo’s World’” and even goes additional to say that “Elmo left behind his old world and arrived in TRON. He has become the red mascot of the red chain, TRON.”

So far as Protos has been in a position to affirm, there’s no settlement between TRON and the holders of the Elmo mental property, one thing Poloniex’s proprietor, TRON founder Justin Solar, ought to perceive.

Poloniex has a protracted historical past of itemizing belongings that different exchanges have prevented, and the present memecoin frenzy appears to have offered a technique to additional decrease its requirements.

Protos reached out to Poloniex’s itemizing group to glean any details about its itemizing course of, however to date haven’t obtained a response.

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