Oh, gather ’round, dear friends, for a tale of a most peculiar cow! Not just any cow, mind you, but the CoW Protocol’s very own token, which has galloped up a staggering 46% after the South Korean exchange, Upbit, decided to give it a shiny new home on February 25th! 🎉
In a rather cheeky announcement, Upbit declared that our beloved COW (yes, that’s its name!) would be prancing onto the trading floor at precisely 20:30 KST. And what a delightful sight it will be, available for trading in the Korean won, Bitcoin, and Tether markets! But hold your horses! Users can start depositing COW an hour earlier, at 19:30 KST. Talk about a cowpoke party! 🐮💃
As soon as the news hit the airwaves, COW took off like a rocket! 🚀 It soared to a dizzying height of 46% in mere minutes, reaching a peak of $0.46! But don’t get too giddy just yet; as I write this, it’s trading at a slightly less thrilling $0.43. Still, not too shabby for a cow, eh?
Now, let’s not forget the previous day’s closing price, which was a humble 418 Korean won, or about $0.29. In the past week, COW has been on a bit of a rollercoaster, rising by 34.2%, but it’s also had its ups and downs, dropping nearly 30% over the last month. Talk about a moody bovine! 🎢
With a market cap of a whopping $173.6 million and a fully diluted valuation of $420 million, this cow is no ordinary farm animal! In just 24 hours, COW’s trading volume has skyrocketed by 568.60% to a jaw-dropping $114 million! It seems everyone wants a piece of this cow pie! 🥧
But wait, there’s more! Buy orders for COW will be on a five-minute timeout after trading kicks off, while all other orders, except limit orders, will be on a one-hour break. And if you’re thinking of selling, be warned: prices are capped at a minimum of 10% less than the previous day’s closing price. No one likes a greedy cow! 🐄💸
The CoW Protocol is a decentralized trading platform, boasting an intent-based aggregator as its main service. It’s got all the bells and whistles, including Maximal Extractable Value blockers, Remote Procedure Call solutions, and Automated Market Makers. And of course, COW is the token that rules the roost, used for governance. What a clever little cow! 🐮✨
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2025-02-25 14:26