According to an official announcement released by Memeland, the team has announced that they are internally incubating an L2 blockchain network exclusively dedicated to memes and meme coins. It is claimed that this network is compatible with EVM and can provide native ETH and stablecoin yields, which come from the underlying Ethereum staking and trusted RWA protocols.
The official website states:
In addition, Memeland officials also revealed that they may issue a new token and will use the existing MEME token as the native gas payment medium. Memenet is expected to launch its testnet in June and go live in September.
Possibly influenced by this news, the price of the MEME token has risen against the trend. According to OKX trading data, the price of the MEME coin once exceeded $0.043 and is currently quoted at $0.04216.
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