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Taking a closer look at Kraken new listings

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Taking a closer look at Kraken new listings

Hello everyone, let's take a closer look at all of the new listings from our beloved exchange Kraken. I was bored out of my mind and i wanted to do something else then looking at the chart all day so here we go.

These are the 5 latest listing:

  1. TrueUSD
  2. Pepe
  3. LimeWire Token
  4. Sui
  5. Tether EURt

Are these coins anything special? Let's take a closer look and investigate them in detail.

  1. TrueUSD

TrueUSD is a USD-backed ERC20 stablecoin built on the TrustToken platform. Having a marketcap of around 3 billion. It is ranked number 27 on the ranklist so it's definitely not a small fish.

https://preview.redd.it/i4jcbwdrf5db1.png?1899&format=png&auto=webp&s=0a29d13ce1d8d1400844ea180046a1a9b65179fe

  1. Pepe

Pepe is a meme token inspired by the popular Pepe the Frog meme. It's obvious why Kraken and Binance decided to list it (money). The hype was crazy about this coin and that's why it pumped so high, some exchanges decided to take a piece of the pie and list them in order to earn some money from fees. It's standing at around a market cap of around 600 million dollars, insane.

https://preview.redd.it/2dkjjihlg5db1.png?1900&format=png&auto=webp&s=2e7133587491585c870130ccddcfd4f03e421980

  1. LimeWire Token

LimeWire Token is an ERC-20 utility token at the heart of the LimeWire ecosystem. I personally haven't heard anything about it but from looking at the reviews, this coin seems to be hated by the community. It has a market cap of around 3 million but a fully diluted marketcap of 70 million. This coin seemed strange to me, having bad tokenomics and a community that hates the coin.

https://preview.redd.it/yud0m27hh5db1.png?1880&format=png&auto=webp&s=59cc0293a864c90cef3f9cf6a2a010bf13687cc6

  1. Sui

Sui is a layer 1 blockchain with a markte cap of around 500 million dollars but a diluted marketcap of 7 billion dollars. It's ranked number 85 with mostly positive rewiebs but also some negative reviews. It's worth it to take a closer look at this project.

https://preview.redd.it/ebt8yo0jj5db1.png?1906&format=png&auto=webp&s=f12c672162b1551727eaee91c0a2db2d23044637

  1. Tether EURt

This is another stablecoin but being a mirror of Tether just in Euro. Having a market cap of just around 50 million dollars, it's ranked at number 2222.

https://preview.redd.it/pykhzqfwj5db1.png?1905&format=png&auto=webp&s=e7f50198841e31d5c6923e0a6a34dc95f5e963be

What did we learn from this. Kraken has a strange way of listing news coins, they like to add stablecoins and top 100 coins. But sometimes they like to add a low marketcap coin for example LimeWire.

Do what you please with this information and have a good day

submitted by /u/RuneW007
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