Koma Inu (KOMA) has secured listing on Bitget after becoming the first crypto project to receive the DWF Labs' Meme Fund.
Koma Inu (KOMA), a meme coin project that claims to be the first of its kind to build a website 100% on-chain, is the first meme cryptocurrency project to receive investment from DWF Labs’ Meme Fund. The news has pushed the meme coin to new highs, and KOMA has now skyrocketed by a massive 170% in the past 24 hours.
In a post on social media platform X (formerly known as Twitter), Koma Inu confirmed that as one of the first recipients of the Meme Fund, the meme coin project will collaborate with DWF Labs to further its “mission of bringing creativity and community to new heights in the Web3 space.” The BNB Chain-based initiative aims to drive innovation within the blockchain network.
The Meme Fund was announced earlier in December and was focused on the development of meme coins and other community-based initiatives in the cryptocurrency sector. The Web3 market maker and investment firm recently collaborated with other meme coin projects like Barsik and NikolAI, which were recently listed on the world’s largest digital asset trading platform, Binance.
As a recipient of the Meme Fund, DWF Labs will help Koma Inu gain presence in the market and will also offer financial resources and strategic support. The Web3 firm will increasingly focus on interoperability and inclusivity while also empowering meme creators, encouraging greater innovation across the sector.
Earlier this year, meme coins based on the leading blockchain ecosystems, including Solana SOL $207.0 24h volatility: 7.5% Market cap: $98.07 B Vol. 24h: $14.26 B and Tron TRX $0.26 24h volatility: 13.4% Market cap: $21.99 B Vol. 24h: $3.89 B , printed massive gains and achieved massive valuations. Koma Inu is also one of the top-performing cryptocurrencies, skyrocketing a monumental 5753.63% since October 2024, and is trading at $0.1745 at the time of writing. According to CoinMarketCap data, the project is currently valued at $129.5 million.
It is important to note that on December 10th, Koma Inu also confirmed listing on leading cryptocurrency exchange Bitget. The exchange has a volume of $10.3 billion and is ranked sixth in terms of capital traded in the past 24 hours.
Koma Inu’s technical indicators display bullish momentum, with the Relative Strength Index (RSI) at 73.30, suggesting overbought conditions. The RSI’s upward trajectory indicates strong buying pressure, though these levels typically signal a potential price correction in the near term.
The Accumulation/Distribution indicator shows a significant uptick, indicating strong buying momentum across both retail and institutional segments. This surge in trading volume aligns with KOMA’s price appreciation and indicates growing market interest in the token’s performance.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
