NikolAI (NIKO) Achieves $130M Market Cap Within 11 Days of Launch
The meme coin NikolAI (#NIKO), launched on the TONPump memepad, has gained significant attention in the cryptocurrency community. Within 11 days of its launch, it reached a market capitalization of $100 million, currently standing at $130 million, according to CoinMarketCap.
BREAKING: One of the best-performing memecoin projects in the Cabal Arena has reached a $100M marketcap! 💎@NikolAIToncoin was already featured as a top-performer last week. It’s one of the first coins to be originally launched on TONPump by @hotdao_
$100 Million marketcap in… https://t.co/2EQFtF2pIv
— TON Memelandia (@TONmemelandia) November 13, 2024
NikolAI’s rapid growth is attributed to its combination of digital culture and community engagement, inspired by the character “Nikolai.” The ecosystem allows cryptocurrency enthusiasts to participate in exclusive events and interactive social activities, enhancing community ownership.
TON Meme Coin Sector Shows Record-Breaking Activity
The TON blockchain has experienced unprecedented activity, particularly in its meme coin sector, driven by the launch of Cabal Arena by TON Memelandia. This four-week competition involves meme coin producers and traders, known as Cabals, competing for substantial rewards.
The Cabal Arena has generated a collective market capitalization of $35 million among various meme tokens within days. Seven strategic Cabals are leading this expansion, including TON Pump by Hot Protocol and BigPump.
It’s time to unveil the initial results of the Cabal Arena of @TONmemelandia and a $10,500 giveaway! 💎
During the first days of the battle, 8 emerging gems with a total peak market cap of $35 million have been launched by 7 mysterious Cabals on:
🔹TON Pump by @hotdao_,… pic.twitter.com/7aqrHFuvMQ
— TON 💎 (@ton_blockchain) November 7, 2024
NIKO’s trading activity has seen volatility, with recent data indicating a trading volume exceeding $40 million. Currently priced at $0.13, NIKO reached an all-time high of $0.04554 on November 13, reflecting a 170% gain within 24 hours.
Photo: CoinMarketCap
Accessibility to trading has significantly aided NIKO's rise, with major exchanges like Gate.io offering the NIKO/USDT trading pair, which has recorded impressive trading volumes. Other platforms such as MEXC and STON.fi (V2) also provide options for acquiring and trading the token.
DWF Labs Holds 1% of $NIKO’s Total Circulating Supply
DWF Labs recently purchased 10 million $NIKO tokens, valued at $495k, representing 1% of $NIKO’s total circulating supply. This acquisition highlights DWF Labs' commitment to enhancing liquidity and stability in cryptocurrency markets.
According to Lookonchain, DWF Labs acquired $NIKO tokens to support market-making efforts, emphasizing the role of market makers in providing liquidity. This addition marks a strategic move to bolster NIKO’s market presence.
DWF Labs’ actions reflect its earlier acquisition of 111.94 billion $X tokens, worth $35.6 million, signaling its significant resources. This trend illustrates the growing influence of institutional firms and market makers in supporting smaller, illiquid tokens, thereby improving trading conditions for regular traders.