Meme coin Koma Inu (KOMA) got listed on the crypto exchange MEXC earlier last week which triggered a 650% spike in the token in the last 7 days which was followed by a 30% price correction.
KOMA rose to $0.09 on Sunday, November 17 from $0.012 earlier in that week. While the meme coin’s price skyrocketed it set a new all-time high (ATH).
However, this surge was soon followed by a 30% price correction which caused the Koma Inu to drop to $0.07 from its ATH.
This meme coin runs on the BNB chain and uses the “Make BNB Great Again” slogan in its social media campaign which is an adaptation of Donald Trump's “Make America Great Again” slogan.
Earlier on November 17, Sunday, Koma Inu was listed on MEXC, a centralized crypto exchange which triggered the token to skyrocket.
At present, the meme coin is only trading on two centralized crypto exchanges MEXC and BingX with 16.47% and 1.21% trading volume respectively.
KOMA is mostly traded on the decentralized crypto exchange PancakeSwap(v2) where the token is paired with Wrapped BNB (WBNB). As much as 80.9% of its trading volume is located here.
Meme coins are currently dominating the crypto market with a 145% surge in the last three months. Hence, Koma Inu’s recent spike can be seen in this context.
After meme coins, DeFi 2.0 tokens and Layer 1 (L1) coins are dominating with 63% and 59% gain respectively.
As of November 21, Koma Inu has gone down 10.74% in the last 24 hours to trade at $0.0616 while the market cap remains unchanged at $61.78 million and trading volume surged 45.57% to reach $3.12 million.
