Benzinga - Self-proclaimed ‘BONK Killer' MILLI, saw a 80% increase in its value on Tuesday, eclipsing the performance of top meme cryptocurrencies such as Solana’s (CRYPTO: SOL), BONK (CRYPTO: BONK), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB).
What Happened: According to data from CoinGecko, MILLI, which operates on the SEI (CRYPTO: SEI) network, achieved $522,075 in trading volume within the past 24 hours and has reached a market capitalization close to $2.5 million.
MILLI describes itself as "Born with a flash of inspiration and rooted in a bonded friendship. Milli is not just top speed, it’s the general mindset for the pole position!"
Over the past 24 hours, DOGE saw a decrease of 6%, whereas SHIB experienced an uptick of 6%, and BONK witnessed a significant decline, falling by over 30%.
The surge in MILLI’s value arrives amid broader market optimism and the token's strong community support.
A SEI community member known on X as @NFTLlama said, "Bullish on $MILLI. Super based team. First dog coin on $SEI with a unique brand. Airdropped to every popular SEI community, meaning mass exposure to the SEI ecosystem. Chart looking great, bouncing between 500k to 1m market cap. We break past 1m, and I think we cook."
Bullish on $MILLI.– Super based team
– First dog coin on $SEI with a unique brand
– Airdropped to every popular SEI community, meaning mass exposure to the sei ecosystem
– Chart looking great, bouncing between 500k to 1m marketcap. We break past 1m, and I think we cook.
SEI… pic.twitter.com/Lzx6U04syq
— NFTLlama.sei (@NFTLlama) March 4, 2024
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: MILLI also addressed misconceptions and tried to quell any fear, uncertainty, and doubt (widely known as FUD) within their investor community.
The statement put forth by the MILLI team focused on dispelling two primary concerns. The initial point clarified intentions behind the relaunch of $MILLI, which aimed “to restore the token distribution, price, and liquidity pool to their states just before the liquidity drain of the first $MILLI.”
Meanwhile, MILLI has outperformed other meme coins like SEIYAN and SEILOR experiencing smaller gains of 20-25% in the same timeframe.
Price Action: As for the latest trading price, MILLI stands at $0.057731, marking a 72.45% increase over the last 24 hours.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
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