Kraken to List $LOBO
Kraken, one of the world’s leading cryptocurrency exchanges, has officially announced that it will list $LOBO, a memecoin from the emerging Runes ecosystem. According to Kraken’s official X account, deposits are now open, with trading set to begin on August 5.
“The pack is growing… and this one’s got bite,”
Kraken teased in its listing post.
Following the announcement, $LOBO surged by over 90%, according to data from Magic Eden, where LOBO is actively traded as part of the Bitcoin Runes token standard.
A Historic Milestone for Runes Tokens
$LOBO marks a significant milestone as it becomes the second-ever Runes token – after $DOG – to secure a Tier-1 centralized exchange (CEX) listing. This signals growing institutional recognition of the Runes protocol, which allows the creation of fungible tokens directly on Bitcoin’s base layer.
Kraken’s support further validates LOBO’s momentum within the memecoin space and highlights increasing demand for Bitcoin-native assets.
Why It Matters
- Institutional validation: Kraken listing means increased visibility and liquidity.
- Bitcoin-native narrative: $LOBO strengthens the case for memecoins on Bitcoin through the Runes protocol.
- Early mover advantage: As only the second Runes token on a Tier-1 exchange, LOBO holds a unique position.
Looking Ahead
With trading set to go live on August 5, $LOBO may attract increased attention from both meme token enthusiasts and Bitcoin ecosystem investors. The listing follows a broader trend of mainstream exchanges embracing native Bitcoin-layer innovations, signaling a shift in how memecoins are launched and adopted.
