Benzinga - Self-proclaimed ‘BONK Killer' MILLI, saw a 400% increase in its value on Sunday, eclipsing the performance of top meme cryptocurrencies such as Solana’s (CRYPTO: SOL) BONK (CRYPTO: BONK), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB). This surge comes only two days after the meme coin’s introduction on the SEI (CRYPTO: SEI) blockchain.
What Happened: Data from Dexscreener reveal that MILLI has generated a transaction volume of $607,000 with 4,313 transactions and 1,661 makers, reaching a market cap of approximately $1 million.
At the time of writing, DOGE was up 11%, SHIB at 3% and BONK was down 1% in the last 24 hours.
MILLI calls itself, “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!”
There is a new dog in town $MILLI $SEI pic.twitter.com/BjxD9rNfmI— MILLI ⚡ Sei Network (@MilliCoinSei) March 4, 2024
This rally comes as the MILLI team has addressed concerns regarding recent market volatility, directly responding to fear, uncertainty, and doubt (FUD) within the community.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: In a statement, the team addressed two specific claims, beginning with the first: “With the relaunch of $MILLI, the team aimed to restore the token distribution, price, and liquidity pool to their states just before the liquidity drain of the first $MILLI.”
They then explained the situation concerning the airdrop to a particular address: “We took a snapshot of all transactions and airdropped EXACTLY the amount of tokens these wallets held up to the announcement.”
MILLI added, “To clarify once more: $MILLI has been accused groundlessly. $MILLI is safu!” As per the latest data, MILLI’s trading price stood at $0.053399.
Additionally, MILLI has overtaken other SEI-based meme coins such as SEIYAN and SEILOR, which have seen a decrease of 8-12% over the last day.
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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