Toshi has surged by 39.3% in the past 24 hours, outperforming both Dogecoin and Shiba Inu
In the realm of meme coins, Toshi, Coinbase's meme cat, has made significant strides, outpacing Dogecoin and Shiba Inu with a remarkable 39.3% surge in the past 24 hours. This surge has propelled its monthly gains to an impressive 121.6%, leaving other trending memecoins like Dogwifhat, Pepe, and Bonk in its wake.
The Toshi proposal allows users to decide whether to cancel or retain sales tax
On March 7, Toshi put forth a proposal allowing users to decide on the removal or retention of sales tax until the treasury, currently holding 500 ETH, reaches 1000 ETH. If the tax is eliminated, the community plans to shift liquidity from the existing V2 pool to a V3 pool. Voting commenced on March 11 and will conclude after eight days.
Trader Dentoshi Supports Toshi on Twitter, Believing Its $120 Million Valuation Is Undervalued
On March 9, Toshi's official page tweeted insights from on-chain trader Dentoshi, who views Toshi's current valuation of $120 million as undervalued. Despite the absence of significant hype, Dentoshi believes in Toshi's potential, citing its first-mover advantage. Meanwhile, analyst Dentoshi rhetorically questioned, "Why not 1 billion?"
Toshi's transaction volume skyrockets 39.3%, with a potential market value aiming for $300 million
In the past 24 hours, Toshi witnessed a staggering 39.3% increase in trading volume, marking a notable expansion of 178.8%. Presently, Toshi boasts 19,193 holders and liquidity amounting to $3.6 million, according to DEXScreener data. Notably, influential on-chain trader Pennski anticipates a valuation surge to $300 million in the near future, hinting at a potential bull run for this meme coin amidst the optimism surrounding the meme coin market.
Toshi's recent surge highlights its growing prominence within the meme coin arena, surpassing established contenders like Dogecoin and Shiba Inu. With community-driven initiatives and bullish sentiment from traders, Toshi appears poised for further growth and market dominance.