Not just content with dominating crypto, memecoins are taking over the world as they make their mark on everything from pop culture to US governmental departments. Determined not to be left behind amidst the memecoin mania, creators within the TON ecosystem have upped their game lately, culminating in new memecoin NIKO being listed on MEXC after a record-breaking 10-day run.
$NIKO Meets MEXC
MEXC has earned a rep during the current cycle for listing up-and-coming memecoins first. Its combination of shrewd picks and a willingness to look beyond the usual candidates to find outliers that have real momentum and cult appeal has resulted in NIKO making the grade. Set to go live on November 14, the TON memecoin will be available as a perpetual futures trading pair matched with USDT.
NIKO has been on a remarkable run that’s demonstrated that anything Solana memecoins can do, TON candidates can match. While the world was simping over $PNUT in the last 10 days, shrewd TON traders were loading up on NIKO, whose ascent has been no less meteoric. After launching on TONPump, NikolAI went on a remarkable run that saw it surpass $100M market cap in 11 days.
NikolAI, to give the project its full name, was developed by HOT Protocol and taps into the current craze for AI tokens that allow their autonomous operators to craft content, post it to X, and in some cases dictate project development and create original art. We’re in the midst of an AI takeover and trench traders can’t get enough of it.
DWF Labs Backs NIKO
Predictably, DWF Labs, the market maker and web3 investor extraordinaire, has its tentacles into NIKO. Popular wallet analysis service Lookonchain spotted a DWF wallet receiving 10M NIKO, around 1% of the coin’s total supply, for market making purposes. NIKO is also believed to be one of its portfolio projects. While it’s hard to find an ecosystem that DWF doesn’t have exposure to, its team appears to be particularly bullish on TON.
On November 13, DWF’s Andrei Grachev all but confirmed his firm’s thesis, speculating on the start of a new memecoin season on TON. It’s safe to say that should this prediction come to pass, DWF Labs will be on the coal face helping to provide liquidity and other value adds for the TON runners that reach critical mass, allowing them to find new exchanges and users willing to keep the party going.
TON Takeover Gathers Pace
The Open Network has already heated up a couple of times this year, most recently in summer when onchain activity picked up as millions of Telegram users onboarded and started playing around with mini dapps – web3 applications natively integrated into Telegram. It’s now undergoing another renaissance, buoyed by the tailwinds that are lifting all of crypto right now, especially those chains that are retail friendly and memecoin-rich.
TON has the network effects, the users, and the delivery format all locked down. The only thing it’s been somewhat light on, until recently, was quality memecoins. NIKO has put paid to that, demonstrating that the intersection of AI and memecoins won’t be limited to Solana: TON’s just as capable of stepping up. With MEXC listing secured and almost certainly other CEXs on their way, NIKO has given hope to the next crop of TON creators. 10 days from now, who knows what new narratives will have been born and elevated into bona fide blue chips? This is crypto after all, where anything’s possible.
This article was written by FM Contributors at www.financemagnates.com.
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