US lawmakers support driving SKI price surge by 25%

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On December 2, it was reported that Republican Congressman Michael Collins from Georgia increased his investment in Ski Mask Dog (SKI) native tokens, purchasing tokens worth $15,000. As a result, SKI's price surged by 25% the next day, reaching an intraday high of $0.237, with market capitalization rising from $187 million to $235 million.

Why did the appeal of SKI tokens soar?

SKI is a meme coin based on Coinbase's Layer 2 blockchain, Base, revitalized by community efforts. In the past 24 hours, trading volume exceeded $6 million. Although the developers initially abandoned the project, community support has led to a significant revival.

Core factors driving the surge

Congressional effect: Michael Collins' investment provided significant attention to SKI. Celebrity investments often attract retail investors, driving up demand.

Binance listing rumors: Recently, an image of a man in a ski suit checking charts was interpreted as a tribute to SKI, sparking speculation about Binance potentially listing SKI in the future. SKI has entered Binance's Alpha phase, paving the way for an official listing.

Strong community support: According to CoinMarketCap data, 91% of voters predict that SKI will continue to rise. Additionally, SKI's search volume on Google in the US has surged, becoming a hot topic.

Technical analysis and market expectations

Technical analysis shows that SKI is approaching a breakout from a descending triangle resistance level, with increasing trading volume providing support for the rise. It is estimated that SKI's daily volatility is 21.72%, and market sentiment leans towards optimism.

Conclusion

With congressional support, listing rumors, and strong community momentum, SKI shows significant growth potential. In the future, as more positive news is released, this meme coin is expected to occupy a more important position in the market.

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