Wednesday, February 19, 2025

Kraken Lists New Memecoins: FWOG, SPX6900, and Goatseus Maximus

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KEY TAKEAWAYS

  • Kraken has launched three new memecoins: FWOG, SPX6900, and Goatseus Maximus, available for trading on its platform.
  • These tokens can be traded against USD and EUR, with specific trading parameters set for each.
  • FWOG and SPX6900 are based on Solana and Ethereum, while Goatseus Maximus is a Solana-exclusive token.
  • Trading is restricted in several European countries, including the Netherlands and Germany.

Kraken has announced the addition of three new memecoins to its trading platform: FWOG, SPX6900, and Goatseus Maximus. Trading for these tokens went live at 15:30 PM UTC on December 11, 2024, as detailed here.

To begin trading these assets, users can navigate to the Funding section of their Kraken account, select the desired asset, and proceed with the deposit. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.

Trading Details and Restrictions

The new tokens are available for trading on both Kraken and Kraken Pro platforms. The trading pairs include USD and EUR, with specific parameters set for each token. FWOG and SPX6900 have a price decimal precision of 0.0001, a minimum order size of 10, and a minimum deposit of 10. Goatseus Maximus (GOAT) has a price decimal precision of 0.00001, a minimum order size of 5, and a minimum deposit of 5.

Trading via the Kraken App and Instant Buy will be enabled once liquidity conditions are met. However, these tokens are not available for trading in certain regions, including the Netherlands, Spain, Ireland, Belgium, Italy, and Germany.

Understanding the New Tokens

FWOG is a frog-themed memecoin that emerged from the rebranding of a previous project, Flog the Frog. The token, based on the Solana blockchain, derives its value from community support and its memetic appeal, rather than utility.

SPX6900 is a memecoin that aims to challenge the traditional S&P500 financial index. It is accessible across multiple blockchain networks, including Ethereum, Solana, and Base. Like many memecoins, SPX6900 lacks official utility but can be transferred and held on supported chains.

Goatseus Maximus, created by an autonomous AI agent known as Truth Terminal, is inspired by an obscure Internet meme. Launched on Solana, the token quickly reached a market capitalization of over $1 billion within a month. Despite its rapid growth, GOAT has no utility beyond being transferable between Solana wallets.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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