- NikolAI’s market cap rose by 170% in the last 24 hours, reaching $130M.
- TON blockchain’s Cabal Arena earned $35 million in meme token activity.
The world of cryptocurrency is abuzz as NikolAI, or NIKO, a meme coin launched on the TONPump meme pad, grew to a market capitalization of $100 million in just 11 days. Going ahead, it has already touched a market cap of $130 million. This growth is supported by unparalleled trading activity as well as community engagement.
The unique approach of NikolAI was how it ascended by combining the world of digitals with community-driven participation. NikolAI used inspiration from the character Nikolai and created a strong feeling of belonging through events and social interaction that separated the project from others in the TON blockchain ecosystem.
Cabal Arena Fuels TON Blockchain Growth
The TON blockchain’s meme coin sector is going bonkers with creative ventures, such as Cabal Arena from TON Memelandia. Cabals are groups of developers or traders in meme coins. They compete to gain the most rewarding ones for four weeks. The total market capitalization of Cabal Arena has reached $35 million in a number of tokens within days.
These include TON Pump by Hot Protocol and BigPump, which have led to high growth in the sector. Amid such activity, NIKO’s trading volume already passed $40 million while the token is priced at $0.13. It started its sharp spike on November 13, which brought the token to an all-time high of $0.04554. It remains up by 170 percent in the past 24 hours.
DWF Labs, one of the key players in the cryptocurrency space, recently acquired 10 million NIKO tokens, valued at $495,000 or 1% of the circulating supply of the token. This move by DWF is an effort to further support market liquidity and stability.
Investment in NIKO made DWF Labs continue to improve efforts at market making. This is a strong driver toward better trading conditions for retail investors. That follows a previous buy of $35.6 million in $X tokens. It also implies the growing importance of institutional market makers to prop up smaller tokens.
The success of NIKO paired with TON blockchain growth shows the real force of innovation and community engagement in bringing cryptocurrency into mainstream adoption. With all these institutional players and unique projects joining in, the meme coin space continues its evolution with wonderful opportunities in the broader crypto space.
