In summary
- Luce (LUCE), a meme Cryptocurrency inspired by the mascot of the upcoming Catholic Holy Year, saw a 13% surge in the last 24 hours after being listed on Bybit for trading futures with up to 12.5x leverage.
- The token, launched just three weeks ago, has quickly gained popularity, reaching a market capitalization of over $80 million.
- LUCE was boosted by its link to the popular NFT Milady Maker and its inclusion in ByVotes, a campaign on Bybit that allows users to vote to list it on the exchange.
Luce (LUCE), a Solana meme cryptocurrency inspired by the cartoon mascot of the upcoming Catholic Holy Year, surged in price on Tuesday following a futures listing on major exchange, Bybit. A hot streak continued for the token, which was created just three weeks ago.
The cryptocurrency, which is up 13% in the last 24 hours to a current price above $0.23, is now available for trading with up to 12.5x leverage in Bybit’s “Innovation Zone,” a designated section for currencies that are inherently riskier and more volatile, and come with higher trading fees.
Luce, or “light” in Italian, was designated as the Catholic Church’s mascot for the upcoming Jubilee, a once-in-25 annual celebration in which Roman Catholics can receive the remission of sins under certain conditions. Designed to help the Catholic Church better connect with a young audience and presented at a press conference on October 28, the young woman in the drawing sports bright blue hair, a yellow raincoat and an orange cross necklace.
Just a few hours after her presentation, Luce moved from the podium to Pump.fun, where the corresponding (and to be clear, unofficial) meme currency—LUCE—was created.
The coin gained traction among crypto-natives almost immediately, thanks in part to its resemblance to Milady Maker, an NFT collection popular in crypto circles that has an almost sectarian following.
The token only needed two days to go from the Pump.fun homepage to a market capitalization of over $80 million, providing early traders with significant profits. For example, a prominent trader who bought over 24 million LUCE tokens for 15 SOL at the start has made over $425,000 at the time of writing, according to DEX Screener.
While Luce’s rapid rise and considerable trading volumes, over $100 million in the last 24 hours, may have led to the listing of the Bybit perpetual contract, it could also lead to Luce being listed on Bybit.
Shortly after the perpetual listing was announced, Bybit added that Luce would also be included in its ByVotes campaign, an initiative that allows holders the opportunity to deposit the token to vote on its possible inclusion in Spot Adventure Zone listings. by Bybit.
From November 20 to 22, LUCE holders who deposit their tokens with Bybit will be eligible to vote in an attempt to push Luce beyond the listing threshold. If successful, those who vote will be eligible to split a pot of over 1 million LUCE, a fund that is worth approximately $250,000 at current prices.
With only 22 days of existence, Luce currently occupies the ninth position in terms of market capitalization among all Solana tokens created on Pump.fun. Luce is up 47% in the last week and 893% in the last 14 days.
Edited by Andrew Hayward
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
Disclaimer: Please note that the information provided on this page is for News purposes only and should not be considered investment or trading advice. ©Crypto.keynoteusa.com strongly recommends that you conduct independent research and/or consult with a qualified professional before making any investment decisions.
