As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I must admit that the meteoric rise of Koma Inu (KOMA) has piqued my interest. With its 200% surge within a day and an all-time high of $0.192, it’s hard not to notice this meme coin based on BNB Chain.
The price of the meme token, Koma Inu, soared high following the support it received from DWF Labs’ Meme Fund on the BNB Chain.
Koma Inu (KOMA) has surged by 200% in just the past 24 hours and is currently priced at $0.171 as I type this. Earlier today, it hit an all-time peak of $0.192 with a staggering market capitalization of $192.2 billion.
Over the last 24 hours, KOMA’s daily trading volume has skyrocketed by an impressive 2,400%, amounting to more than $154 million. This significant increase suggests a huge interest from investors. In the past fortnight, this altcoin’s rally has boosted its gains to an astonishing 220%. Over the last month, it has even achieved nearly 2,600% growth, placing KOMA among the top-performing meme coins in the market.
Why is KOMA soaring today?
Following the choice of Koma Inu by DWF Labs, a prominent crypto venture capital company, as the first grant recipient of its $20 million Meme Fund, KOMA experienced a surge in support.
Receiving funds intended for meme coin projects that aren’t tied to specific blockchains, Koma Inu stands to gain assistance from DWF Labs in broadening its market reach. This aid also includes access to financial assets and expert advice on strategy.
In addition, the meme cryptocurrency has managed to get listed on some popular, well-known exchanges such as Binance, Bybit, and Bitget. This listing has increased its visibility among investors, contributing significantly to its recent upward trend.
As a crypto investor, I’m thrilled to share that KuCoin, one of the leading centralized exchanges, has incorporated KOMA in their recent GemVote event. If our community rallies together and shows strong support, there’s a chance we could secure a listing on this platform. It’s exciting to note that these CEXs (centralized exchanges) collectively handle a staggering daily trading volume of over $46 billion, as per data from CoinGecko. This underscores the potential impact community support can have in securing a listing on such high-volume platforms.
It’s common for the prices of alternative cryptocurrencies (altcoins) to see substantial increases after they are listed on exchanges. For instance, as previously reported by crypto.news, the price of Movement’s native token, MOVE, soared by 50% on December 10, setting a new record high, largely due to its inclusion in notable cryptocurrency exchanges.
Bolstering the meme coin ecosystem
DWF Labs boasts a robust tradition of collaborating with meme-based cryptocurrencies and investing in initiatives that foster the growth of the meme coin community. Recently, they teamed up with meme coin launch platform GraFun to bolster its liquidity in September.
In the previous year, our company allocated approximately 6 million dollars towards the acquisition of the Ethereum-linked meme token, Floki, over two distinct transactions. Additionally, we’ve been instrumental in aiding the progression of the project’s development.
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2024-12-11 13:49