13 exchanges list MemeCore, not one euro pair: hold or sell M?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Not one of the 14 markets that list MemeCore trades against the euro: every exit runs through Tether or USDC. What the thin order book, the monthly tranche of 56.1 million M and the holding period mean for your M position. Selling MemeCore currently only works by a detour: none of the 14 markets that CoinGecko lists for the token M trades against the euro. Every single pair runs through the stablecoin Tether or through USDC, with two pairs available only on decentralised exchanges on the BNB Smart Chain. Anyone who wants to unwind an M position therefore sells first into a dollar stablecoin and swaps that into euros afterwards. It is workable, but it costs an extra step, an extra fee and a second event that counts for tax. The other half of the answer lies in the size of the market. According to CoinGecko data, M carried a market capitalisation of $2.32 billion on October 6, on daily volume of $2.39 million. That puts the ratio at roughly 971 to 1. On the thinnest days of the pa...