DEX Minswap has seen a significant jump in trading volumes, much of which came from Cardano-based meme coins snekcoinada and $BANK. By shauryamalwa.
, holding 37% of over $175 million worth of tokens held on the network.Such activity could bolster prices of Minswap’s min tokens, which accrue value from platform usage and are used as a governance token.
A significant part of the increased volumes came from Cardano-based meme coins snek and bank . Prices of the two tokens surged as much as 34% in the past 24 hours, data shows, with a cumulative $40 million traded on Minswap alone. The surge pushed snek to a market capitalization of $80 million on Tuesday morning, making it the eighth-largest meme coin by that metric.
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