Meme Coin FTW Explodes 400% in a Day to Become the 4th Largest Meme Coin by Market Cap Meme Coin FTW Explodes 400% in a Day to Become the 4th Largest Meme Coin by Market Cap
The meme coin “Black Agnus (FTW)” has seen its value rise by a staggering 400% in just one day, becoming the fourth largest meme coin on the market.
The coin is trading at around $0.0001812, and its market cap has jumped to nearly $2 billion, making it the 50th largest cryptocurrency overall.
This amazing performance puts it in fourth place among meme-themed cryptocurrencies, after:
Dogecoin (DOGE) and Shiba Inu (SHIB) and Pepe (PEPE).
Reasons for rapid rise:
This rapid rise of FTW came after it was listed on the cryptocurrency data aggregator platforms CoinGecko and CoinMarketCap, two major platforms that contribute to increasing awareness of such currencies and boosting investor confidence.
The team behind FTW has issued warnings about fake versions of the currency being created by bad actors in an attempt to trick users.
The company stressed the need to verify the smart contract address before making any transactions to ensure the validity of the investment.
It is worth noting that FTW was not the only cryptocurrency that saw significant gains over the past 24 hours.
Other meme coins like NEIRO and BABYDOGE saw significant gains of 43% and 13% respectively, partly due to the listing of their trading pairs like NEIRO/USDT and 1MBABYDOGE/USDT on Binance earlier this week.
On the other hand, most other major meme coins suffered a decline in value with coins like DOGE, SHIB, PEPE, FLOKI, BONK, and BRETT all falling into the red, with Dogs (DOGS) recording the worst performance among the top 10, falling by 6%.
