Koma Inu, a meme coin in step with BNB Chain saw its model skyrocket after securing backing from DWF Labs’ Meme Fund.
Koma Inu (KOMA) is up 200% within the previous 24 hours and is trading at $0.171 on the time of writing. The meme coin reached an all-time high of $0.192 with a $192.2 billion market cap earlier on the present time.
KOMA’s day-to-day trading quantity has surged by 2,400% over the day prior to this, reaching over $154 million, signaling big build an order to from buyers. The most modern rally has extended the altcoin’s fortnight positive aspects to over 220% and its monthly positive aspects to practically 2,600%, surroundings its arena as regarded as one of many precise-performing meme cash.
Why is KOMA soaring on the present time?
KOMA rallied after DWF Labs, a main crypto venture capital agency, chosen Koma Inu because the inaugural recipient of its $20 million Meme Fund.
As a recipient of the fund, designed to reinforce blockchain-agnostic meme coin initiatives, Koma Inu will grasp pleasure in DWF Labs’ strengthen in expanding its market presence, along with catch admission to to financial resources and strategic guidance.
Extra, the meme coin has no longer too long ago secured a itemizing on loads of high-profile centralized exchanges together with Binance, Bybit and Bitget expanding its exposure to buyers and fueling its latest positive aspects.
KuCoin, one other high-tier centralized commerce, has integrated KOMA in its latest GemVote event, the build community strengthen could well well maybe potentially accurate a itemizing on the platform. These CEXs have a blended day-to-day trading quantity of over $46 billion, in step with knowledge from CoinGecko.
Altcoins on the total skills fundamental model spikes following commerce listings. As reported earlier by crypto.recordsdata, Creep’s native token, MOVE, surged by 50% on Dec. 10, reaching a brand new all-time high as a consequence of a similar premier commerce listings.
Bolstering the meme coin ecosystem
DWF Labs has a sturdy historic previous of partnering with meme cash and has backed initiatives that strengthen the trend of the meme coin ecosystem. In September, it partnered with meme coin launchpad GraFun to give a enhance to the mission’s liquidity.
Final year, the agency invested roughly $6 million within the Ethereum-essentially based mostly meme coin Floki across two diverse investments and has moreover helped strengthen the mission’s trend.
