The Tamadoge token (TAMA) is taking the meme coin market and trading volume by storm after completing its record presale last month and collecting $19 million.
According to data presented by Crypto Presales, the meme coin hit over $1.5bn in trading volume in just a week since its debut exchange listing with OKX.
An Influx of Investors, Despite September Effect
In a month when cryptos usually see their prices tumbling, TAMA hit the market and is already on the way to providing significant returns to investors.
Tamadoge presale was one of the most talked about early-stage crypto sales of this year, witnessing an influx of investors since its beginning. That doesn’t surprise because industry experts believe TAMA could record up to 50x growth in a year, potentially overtaking Dogecoin and Shiba Inu. The meme coin is now listed on several crypto exchanges, ramping up investor confidence in TAMA and driving its trading volume.
According to CoinMarketCap data, on October 4, just seven days after its listing, TAMA trading volume hit over $1.5bn. In comparison, Dogecoin’s monthly trading volume stood at $7.6bn, while Shiba Inu hit $5.3bn in a 30-day trading volume.
The 24-hour trading chart shows TAMA was the third most-popular meme coin to trade, with $55.9 million in trading volume. Dogecoin tops the list with $192.1 million in 24-hour trading volume, and Shiba Inu follows with $180 million.
Tamadoge Price Surged by 650% in a Week
Tamadoge already brought impressive returns to early investors, as its price witnessed a three-digit growth in the past seven days.
On September 27, TAMA made its first appearance on the OKX market at a listing price of $0.022. Bitmart added it to their marketplace on September 30, and Uniswap did the same the following day. Over the next 24 hours, its price doubled, reaching $0.044 on October 1.
According to CoinMarketCap, Tamadoge’s current price is $0.165, showing an amazing 650% increase in just seven days.