Ethereum Price Pumps Above $2,300 While Meme Kombat Blasts Past $5m as Meme Coin Whales Buy Big
Friday, December 28th, 2023 – Altcoins like Ethereum are hotting up and Meme Kombat is joining the party too, after raising more than $5 million to pass the 50% milestone in its ICO. As the new meme coin enters the latter half of its presale its fundraising run rate is accelerating as whales pile in.
Meme coins remain one of the most popular segments in crypto, providing traders with the chance to snare gains that can often be measured in the thousands of percent. Meme Kombat is well-positioned to be among the big hitters when it launches. The token has a $10m hard cap target.
Among the meme coin heavyweights that Meme Kombat aspires to emulate are the likes of Pepe and Shiba with their multi-billion dollar market capitalizations.
But in the meme coin space, even more so than elsewhere in crypto, new coins are being launched every day in a hyper-competitive market. Pawswap (+225%) and Baby Grok (+75%) and Spurdo (+85%) are just three of the coins that have been setting the pace for meme coins over the past seven days, for example.
Across crypto as a whole, buyers are back in the driving seat as the expected approval of a spot bitcoin ETF fuels a new bull run for the industry. Bitcoin is the best-performing financial asset of 2023 and altcoins are beginning to catch up.
Meanwhile, the ETH price was nearly 10% higher yesterday, blasting past $2,400. Earlier in the week it was the turn of Ethereum competitor Solana to lead the pack, at one stage chalking up a daily gain of 20%.
Helping to propel Solana higher was the remarkable rise of BONK, a meme coin that runs on its blockchain. It is no surprise then, as meme coin fever continues, that Ethereum-powered Meme Kombat has raised $5 million in double-quick time.
We hit $5 million
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