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Meme coin staking platform Crypto All-Stars announced its native token $STARS will list on its first centralized exchanges imminently, sending its price soaring.
Crypto All-Stars launched on decentralized exchanges on December 23 2024 and immediately delivered 2x returns for presale investors, although profit-taking quickly set in.
Since then, the number of token holders has continued to grow, now at 22,600 while the market capitalization is $18.25 million.
The CEX listing announcement was made in an X post at 6.30pm UTC. The post refers to one listing but sources indicate that there is a second exchange in the works.
Who is ready for our first exchange listing? pic.twitter.com/qaY7CslxMA
— Crypto All-Stars (@all_stars_coin) December 28, 2024
Is A 224% Price Surge Written In The STARS?
Almost immediately following the news, the price of $STARS started to rise after finding a floor at $0.0003587 over the past few days.
$STARS jumped 22% to $0.00046 shortly after the X post and had surged 44% by 3.40pm EST. Bulls are targeting a quick return to the list price before the token challenges its all-time high at $0.00206.
Twenty-four-hour trading volume has peaked at $6 million so far but is likely to reach new highs when CEXs list the $STARS token.
Centralized exchanges are much easier and cheaper to trade on for less experienced traders. Decentralized exchanges charge a small fee, but buyers must also pay the much larger gas transaction charge on the Ethereum network.
$STARS is currently below its DEX listing and presale prices, so the listing news is an opportunity for early buyers to lower their entry cost and for new buyers to enter the market.
Taking a new position at the current price with the expectation of the price reclaiming the list-day price, would return 224% ($1,100) on an outlay of $500 position. But there is no reason why the new price momentum will necessarily stop there.
MemeVault To Go Live Soon, Last Meme Standing Competition Shows Staking Works
Speculation has been rife that the project developers will soon announce the date the MemeVault will go live. It is expected to launch sometime in January, but no exact timings have yet been revealed.
Earlier this week the project ran the $20,000 Last Meme Standing Competition. Community members were invited to stake their eligible meme coins.
Tokens are ranked by the most recent staking activity. The token staked last takes the top spot on the leaderboard.
The countdown timer shows how much time is left in the event and resets when a new token takes the lead. It also resets every time a new non-leading token is staked.
This process continues until no new stakes are made, and the countdown reaches zero.
The meme coin with the highest staking pool total by the time the website countdown timer ended shared $20,000 among the lucky winning stakers.
On this occasion, Pepe was the winner, as can be seen on the MemeVault dashboard above, with 3.6 billion Pepe staked.
And the winner is $PEPE
— Crypto All-Stars (@all_stars_coin) December 26, 2024
Congratulations to those who staked Pepe, visit https://t.co/WiKtOUiY9g to claim your share of the $20,000 $STARS rewards!
Up next, MEMEVAULT! pic.twitter.com/SRcx5KCPKD
The competition has served as a dry run for MemeVault utility and has shut down the FUDsters who doubted that the revolutionary unified staking system would ever see the light of day.
Crypto All-Stars’ ecosystem is built on the advanced and battle-tested multi-token capabilities of the ERC-1155 standard, which enables the seamless handling of multiple tokens within a single contract.
The $20,000 Last Meme Standing competition is now complete but we’re just getting started.
— Crypto All-Stars (@all_stars_coin) December 27, 2024
Soon, meme coins on ALL major chains will be able to stake their tokens in the Vault.$BASE $SOL $ETH $BNB pic.twitter.com/uEX6tk24vo
More Top Meme Coins Coming To MemeVault – Triple Staking Rewards By Investing In $STARS
The eligible meme coins that can be deposited into the MemeVault are as follows: Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, Bonk.
More meme coins will be added to the list, further enhancing the appeal of the Crypto All-Stars ecosystem across the meme coin space.
Stakers holding the $STARS token will be able to pocket 3x rewards, which will prove a powerful incentive to buy the native token for the long term.
Crypto All-Stars can be bought with confidence because it is fully audited by Coinsult and SolidProof, which means there is no need to worry about rug pulls or insecure code.
Play The Meme Coin Supercycle With $STARS
A purchase of the $STARS token today could be one of the best ways to play the meme coin supercycle. As a new small-cap coin $STARS has better upside potential than more established coins with larger market caps.
Crucially it also has much more utility than the vast majority of meme coins on the market, whose claim to fame after all is that they have no utility.
Because $STARS appeals to owners of top meme coins and will have a steady stream of new additions, its price has a firm foundation for an advance based on its yield-bearing fundamentals.
Alongside owning their favorite meme coin, savvy investors on the hunt for passive income will also need to make sure they have $STARS in their portfolio too to secure and multiply the staking income stream.
Join the community on Telegram or X to keep up with everything that’s happening in the innovative $STARS ecosystem.
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