Token Spotlight: MOGI
7/16/2024
This token spotlight will focus on MOGI, a vibrant and community-focused memecoin making waves on the Cardano blockchain. Known for its fun and engaging approach, MOGI aims to bring the spirit of memecoin culture to a wider audience within the Cardano ecosystem. With a strong emphasis on community engagement and lightheartedness, MOGI is not just another token; it’s a movement celebrating creativity and collaboration. This article will delve into MOGI, its tokenomics, volume, and more.
MOGI Tokenomics & Distribution
MOGI has a total supply of 957.06 million tokens. 880.06 million of these tokens are in circulation, equivalent to 91.97% of the tokens total supply. At 0.00129 ADA per MOGI, this gives the token a Market Cap of $491K and a Fully Diluted Market Cap of $533.96K, placing it at #71 in the top tokens on Cardano by Market Cap.
There are currently 421 wallets holding MOGI, up 56.51% in the last 30 days, highlighting a growing community in the memecoin sector of Cardano. The token has a Median Holder Balance of 359.86K MOGI, equivalent to 410.82 ADA, and an Average Holder Age of 29.85 days.
The above image details the tokenomics of MOGI. The majority of the supply went into the Presale and LP BURN, while only 2% was allocated to the projects team.
Liquidity
MOGI has 139.78K ADA in liquidity across 2 Decentralized Exchanges on the Cardano blockchain. The majority of this liquidity is on Minswap which holds 89.77% of the tokens liquidity, and 10.23% is on SundaeSwap V3. There are currently 9 addresses providing liquidity to the token, with the majority of is in the Snek Burn address which was the initial liquidity from the MOGI presale which was burned.
Volume
MOGI has a Lifetime Trading Volume of 3.4 million ADA across 7,437 trades on Cardano Decentralized Exchanges. The vast majority of this volume has been on the Minswap DEX with the Fish wallet size (5–25K ADA) having a slight lead in trading volume with the Shrimp wallet size (0–5K ADA) coming in second. The Whale wallet size (1M+ ADA) has the least trading volume for this token.
Conclusion
MOGI has quickly become a notable player in the Cardano memecoin sector, capturing attention with its fun and community-centric approach. With a significant portion of its supply already in circulation, a growing number of holders, and active trading on major Cardano decentralized exchanges, MOGI demonstrates both robust liquidity and vibrant community engagement. Its tokenomics reveal a well-distributed supply, primarily allocated to presale and liquidity pools, ensuring a broad base of support. As the memecoin culture continues to flourish within the Cardano ecosystem, it will be interesting to see how MOGI and the Cardano memecoin sector evolve in the coming months and years.
You can find out more about the MOGI project at the following link: https://linktr.ee/mogi.cet
This article is strictly for informational purposes and does not constitute a promotion or financial advice. Our aim is solely to provide users with the latest news and updates within the Cardano ecosystem. Token info was accurate at the time of writing.
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