Exchange Token
Exchange tokens power crypto platforms, offering trading fee discounts and governance.
Top gainers this week
Top losers this week
$LCX has led the category 5 days running this week
$KAN -42 places this week
$SXP -41 places this week
$BACKPACK sank to a 7 gem score this week
$LCX hit a gem score of 81 this week
45 tokens rose and 59 fell this week
$DACKIE +42 places this month
@caiyeliangMeme+1•5$PUMP P — Pump has the largest holder base on your top-10 board — 311,239 holders — but the lowest holder-distribution score of the group (0.31). That's a lot of wallets with comparatively concentrated supply. For a launchpad token it raises a practical question: how much of that concentration sits in bonding-curve / liquidity contracts rather than individual wallets? Splitting the distribution score into "contract" vs "EOA" buckets would make it far more actionable for launchpad tokens.
@ofnirGovernance+9•4My last call on $XCAT was a RUG at $0.00000006003, and it fell to $0.0000000441. With liquidity at $31M and a flat week, $XCAT remains a RUG.
I called a RUG on $BONE at $0.05139008422130166, yet it rose to $0.06049794440738539. It has held its price this week but liquidity is under $2M, so I still see $BONE as a RUG.
My RUG call on $FLOKI at $0.000027591087459612185 was accurate as it settled at $0.000026161871496268518. Despite $260M market cap, its price is down this week. $FLOKI is a RUG.
I called a RUG for $TRUMP at $2.1379981426208357, and it fell to $2.0460662132859038. With $93.7B liquidity and a -6.2% week, $TRUMP remains a RUG.
My RUG call on $PEAR at $0.039865904381739634 proved correct as it dropped to $0.03144950048622106. Its -11.7% weekly decline continues; $PEAR is a RUG.
@King_davidMeme+1•4$PUMP is a gem!
Frequently asked questions
How has Exchange Token performed recently?
The Exchange Token category shows mixed sentiment over the past 30 days, with 67 tokens seeing an uptick in score compared to 37 experiencing a downturn. Over the past 7 days, however, there's been a shift towards bearish sentiment with 59 tokens down and 45 up. LCX has been a strong performer, leading streaks with 5 days in both the 7-day and 30-day windows and holding the maximum score extreme in both periods. DerivaDEX (DDX) is a significant climber over both 7-day and 30-day periods, with its score increasing by 15.1% and 129.5% respectively, and its rank improving by 18 and 45 positions. DackieSwap V2 (DACKIE) also saw a substantial 166.9% score increase over 30 days, moving up 42 ranks. On the downside, BitKan (KAN) and Voyager (VGX) have been notable fallers in both periods, with BitKan's score decreasing by over 46% in both windows and Voyager's by over 41%. ShibaSwap V2 (BONE) entered the top K in the 30-day window, while SolCex (SOLCEX) exited. The token with the lowest score extreme in both periods is 89 Backpack (BACKPACK).
What are exchange tokens?
Exchange tokens are cryptocurrencies issued by cryptocurrency exchanges, both centralized (CEX) and decentralized (DEX). They are often used to offer various benefits to holders, such as reduced trading fees, staking rewards, or participation in governance.
What are the main benefits of holding exchange tokens?
Key benefits can include discounts on trading fees, access to exclusive features, participation in launchpads or initial exchange offerings (IEOs), and the ability to vote on platform developments or proposals within the exchange's ecosystem.
Are there different types of exchange tokens?
Yes, exchange tokens can generally be categorized based on the type of exchange that issues them. Centralized Exchange (CEX) tokens are issued by platforms like Binance or Coinbase, while Decentralized Exchange (DEX) tokens are issued by platforms like Uniswap or PancakeSwap. Each type has distinct characteristics and utility within its respective ecosystem.
How do exchange tokens derive their value?
The value of exchange tokens is often tied to the success and utility of the underlying exchange. Factors contributing to their value include trading volume on the exchange, the demand for the benefits they offer, tokenomics (such as burning mechanisms or staking rewards), and overall market sentiment towards the cryptocurrency sector.