Star Xu, OKX CEO has explained the crypto exchange’s reason for refusing to list memecoins amidst the mania in the ecosystem at the moment. In recent weeks, there has been massive excitement in the memecoin ecosystem with many of the crypto registering huge profits. With the majority of the latest memecoins like BOOK OF MEME (BOME) resident on Solana (SOL), there’s no doubt that many token creators are making moves to capitalize on the growth of the protocol in recent times. The price of SOL jumped by a significant percentage, almost reaching $200. In addition, Solana’s DEX volume hits an all-time-high (ATH) record of $3.5 billion. Cumulatively, the protocol’s weekly DEX volume reached over $13.3 billion on Saturday, per data from DefiLlama.