Bybit Launches Memecoin ROI Prediction Event for New Users
Bybit, a prominent cryptocurrency exchange, has announced an event inviting new users to predict which memecoin will have the highest ROI. The event runs until June 10, 2025, offering a 2,000 USDT prize pool.
Bybit Promotes New User Engagement Through Memecoin Event
The event is hosted by Bybit, targeting new user engagement through predictions on memecoin returns. This initiative aligns with Bybit’s strategy to bolster its presence in retail trading and memecoins.
No direct statements were made by Bybit’s CEO, but the campaign fits Bybit’s ongoing efforts to boost user activity through gamified events. This promotional strategy leverages Bybit’s existing user base.
Ben Zhou, Co-founder and CEO, Bybit, “Submit your prediction on which memecoin will post the highest ROI during the event period by Jun 10, 2025, 10 AM UTC. Guess the Highest ROI and share from 2,000 USDT!” – Bybit Official Announcement
Increased Trading Volumes Expected in Memecoin Market
The event is anticipated to increase trading volumes and volatility in the memecoin market on Bybit. Such activities traditionally generate heightened speculative trading in memecoins like DOGE and SHIB.
No regulatory concerns have surfaced, reflecting the routine nature of this exchange-hosted event. The increased trading activity primarily affects Bybit-listed memecoins during this period.
Bybit’s Past Events Boosted Engagement and Trading
Bybit has previously run similar trading competitions and meme contests. These events have historically increased engagement and trading volumes in lower-cap tokens with high volatility.
Experts suggest such events are akin to past activities that boost temporary trading spikes. Historical data indicates similar campaigns have effectively engaged users in Bybit’s ecosystem.
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