Launched by members of Avalanche’s community late last year, Coq Inu is a chicken-themed meme token that has a total supply of 69.42 trillion. Similar to other popular meme tokens, Coq Inu does not have a specific purpose or utility for the network it’s based on, but instead is “for entertainment purposes only”. COQ made headlines in December 2023 when it surged to a $230 million market capitalisation – 12 days after its December 8 launch. It currently has a $325.15 million market capitalization.
“Meme tokens have quickly risen in popularity, showing that the possibilities of DeFi are only limited by the imagination of innovators in the Web3 space. We are pleased to add Coq Inu to our diverse array of token offerings,” said Henry Child, Head of Tokens at Bitfinex.
Deposits of COQ open at approximately 1:00 PM UTC on March 26, 2024, subject to network conditions. Trading is planned to commence at approximately 1:00 PM on March 28, 2024, contingent upon liquidity requirements being met. COQ will be tradable against US Dollars (COQ/USD) and Tether tokens (COQ/USDt).
To obtain access to COQ on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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