$MX exchange token up 24% on the week

Noticing the exchange token for MEXC has been doing quite well lately. The token is $MX and it's up around 24% on the week making it the 98th ranked coin on coinmarketcap. Over the last 24 hours it's made a low of 2.56 and a high of 2.70, it's currently moving for around 2.69 on most exchanges just a tick off it's local high. Should probably pay more attention to exchange coins as approach the bull.