The @krakenfx growth analysis on supporting Bitcoin memecoins (Runes) must have been a delight. I’d imagine it looked something like this:
1. A large ecosystem of holders completely ignored by every other T1 exchange.
2. Highly engaged communities.
3. Resilient tokens that have weathered multiple drawdowns (e.g., $DOG, $MIM, $PUPS, $BILLY).
4. Tokens rich in culture and meme depth.
5. Built on the most important blockchain in the world.
6. An opportunity to show support for the most important blockchain in the world.
The play was obvious, and Kraken was smarter than the rest for reading it first.
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