Trading volume of ADA has surged by more than 34% amid meteoric rise of new Cardano meme coin named after Charles Hoskinson's pet pig, Nike
Trading volume of ADA has surged by more than 34% amid meteoric rise of new Cardano meme coin named after Charles Hoskinson's pet pig, Nikedata. According to the platform's data, turnover in ADA derivatives reached more than $272 million, putting the instrument in the top 15 by this metric.At the same time, similar figures were demonstrated by trades of the Cardano token on the spot market.
It is likely that the spike in Cardano was caused by the hype surrounding a new meme coin called Nike.To cut a long story short, enthusiasts quickly turned Nike into a meme coin that soared more than 40,000% in one week, reaching a capitalization of more than $15 million at its peak. And this coin was only created six days ago.Amid the hype, many started saying that Nike would be the asset that would put Cardano back on top.
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