MEXC Token (MX)
MEXC exchange token. Trading fee discounts and holder benefits.
Ranked 173rd of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
MX scores 94 of 250 across the 25-variable framework, which places it 173rd of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
The score rests on Buyback and Burn 5/10, 28th of 251, P/S Multiple 5/10, 38th of 251, Protocol Revenue 4/10, 60th of 251 and Supply Inflation 5/10, 61st of 251.
Against the same universe, MX sits in the bottom third on Regulatory Safety 3/10, 237th of 251, Developer Activity 3/10, 208th of 251 and Holder Concentration 3/10, 197th of 251. These are the variables that would have to move for the verdict to change.
Only 22.5% of MX's total supply is in circulation, so 4.45x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 77.5% of the fully diluted value sitting ahead of today's holders. That is a heavy overhang: most of the eventual supply has not reached the market yet.
The framework score gained 94 points against the previous pass (0 to 94). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 4 | 60th of 251 | |
| Revenue Trend | 4 | 71st of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 5 | 28th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 3 | 197th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 3 | 208th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 4 | 157th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 3 | 237th of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
MEXC exchange token with fee discounts, launchpad access, and buyback
Principal risk
Centralized exchange regulatory crackdown and token concentration risk
Market and supply
| Price | not published |
| Market cap | not published |
| Circulating supply | 91,837,334 |
| Eventual supply (total supply) | 409,024,834 |
| Dilution to full supply | 4.45x |
| Listed on | MEXC |
We couldn't match MX to a live market row, so no price, market cap or all-time high is shown. Publishing the figure recorded at the scoring pass would mean putting a months-old number next to analysis that looks current. The 25 scores below stand on their own.
Tokens with a similar profile
These are the closest matches to MX measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for MEXC Token (MX)?
- MX scores 94 out of 250 on the 25-variable framework, ranking 173rd of 251 rated tokens (lower half). The framework verdict is PASS.
- What are MX's strongest fundamentals?
- MX ranks highest on Buyback and Burn 5/10, 28th of 251, P/S Multiple 5/10, 38th of 251, Protocol Revenue 4/10, 60th of 251 and Supply Inflation 5/10, 61st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the MX thesis?
- MX scores in the bottom third of the universe on Regulatory Safety 3/10, 237th of 251, Developer Activity 3/10, 208th of 251 and Holder Concentration 3/10, 197th of 251. The single risk carried on the scorecard is: Centralized exchange regulatory crackdown and token concentration risk
- How much MX supply is still to enter circulation?
- 22.5% of eventual MX supply is circulating today, leaving 4.45x the current float still to arrive. At a flat price per token that is 77.5% of fully diluted value ahead of current holders.
- Which tokens have a similar profile to MX?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to MX are HT (98), GT (123), KCS (119) and LEO (126). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for MX?
- MEXC exchange token with fee discounts, launchpad access, and buyback
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.