- The Luce meme coin, inspired by the Catholic Church’s Jubilee mascot, has gained massive popularity, soaring in value and trading volume, with early traders reaping significant profits.
- Luce’s inclusion in Bybit’s perpetual contracts and its ByVotes campaign reflect the power of the community in driving the coin’s growth, with the possibility of a spot listing on the platform.
Following a recent CNF update on the BYDFi listing LUCE token, the Luce (LUCE), a Solana-based meme coin inspired by the Catholic Church’s Jubilee mascot, has surged in popularity after a futures listing on Bybit. The coin, minted just three weeks ago, rose 13% in the last 24 hours to trade above $0.23.
Bybit’s “Innovation Zone” now offers up to 12.5x leverage for LUCE, signaling high volatility and risk. Luce’s connection to the vibrant Jubilee mascot and its quick traction among crypto enthusiasts have fueled its meteoric rise. This was also reflected in a recent tweet by Bybit:
#LUCEUSDT Perpetual Contract is now Live on #BybitContract with @BelieveInLuce!
Trade with up to 12.5x Leverage.
Trade $LUCE: https://t.co/t8rm0KMs1S#BybitTrading #BybitListing pic.twitter.com/q3QZJREgCS
— Bybit (@Bybit_Official) November 19, 2024
From Mascot to Market Sensation
Initially unveiled as the Catholic Church’s mascot for the Jubilee Year, Luce quickly became a crypto phenomenon. The mascot’s youthful design, featuring bright blue hair and a yellow raincoat, resonated with a younger audience.
Within hours, crypto enthusiasts created the unofficial meme coin, LUCE, which skyrocketed from its launch on Pump.fun to an $80 million market cap in just two days. Early traders have reaped massive gains; one trader turned 15 SOL into $425,000 within weeks.
Community Power Driving New Listings
It is important to note that Luce’s rapid growth, trading volumes exceeding $100 million in 24 hours, and its inclusion in Bybit’s perpetual contracts could lead to a spot listing on the platform. Bybit’s ByVotes campaign, running from November 20-22, allows LUCE holders to vote for its spot listing. Successful voters will split a 1-million LUCE prize pool, worth $250,000.
Just 22 days old, Luce boasts the ninth-largest market cap among Solana tokens created on Pump.fun, rising 893% over 14 days and 47% in the past week. Subsequently, Solana (SOL) is priced at $237.13, with a decrease of 3.24% in the past day and a 14.48% increase over the last week. See SOL price chart below.
