The Coinbase cat meme, Toshi TOSHI/USD it increased by 39.3% in the last 24 hours, pushing its monthly gains to 121.6% and leaving behind other trending memecoins such as Dogwifhat, Pepe and Bonk.
What happened: On March 7, Toshi proposed allowing users to decide whether the sales tax will be removed or maintained until the Treasury, currently equal to 500 ETH, reaches 1000 ETH.
If the tax is removed, the community will migrate liquidity from the current V2 pool to a V3 pool. Voting took place on March 11 and will conclude after eight days.
Toshi’s official page tweeted on March 9:
Dentoshi chain merchant believed Toshi is undervalued at $120 million and has yet to receive the hype it deserves. While the graph looked good, it has first-mover advantage. “Why not 1 billion,” the analyst asked rhetorically
Also Read: Toshi, Coinbase’s Meme Cat, Sets Billion-Dollar Price Targets: ‘Just Buy It and Forget It,’ Trader Exclaims
Because matter: Over the past 24 hours, Toshi has traded up 39.3%, with trading volume expanding 178.8%. Based on DEXScreener data, Toshi boasts 19,193 holders with $3.6 million in liquidity.
Pennski, a widely followed on-chain trader, expects a valuation of $300 million in the next stage.
While the meme coin market is optimistic about Dogecoin’s prospects, this feline coin could witness a bull run of its own.
Read Next: Dogecoin and Shiba Inu Welcome Dogwifhat to the $2 Billion Market Cap Club: Why Do Dogs Rule Cats in Crypto?
Image created using artificial intelligence with Midjourney.