Hideo Nakamura Title: Telegram Bot Coins: A Growing Economy Valued at $138 Million in Crypto
In the ever-evolving world of cryptocurrencies, a new sector has emerged, capturing the attention of investors and enthusiasts alike – Telegram bot coins. These unique crypto assets, designed to operate within Telegram’s ecosystem, play a crucial role in automating trades on decentralized exchange (dex) platforms. As a result, this distinctive market has surged to an impressive worth of $138 million.
The Rise of Telegram Bot Coins
The cryptocurrency market never fails to showcase innovative projects, and Telegram bot coins are no exception. These digital currencies have piqued the interest of crypto investors as they serve as automated programs within the Telegram environment, facilitating trades on decentralized exchanges (dexs) and even implementing yield farming strategies.
A Look at the Top Telegram Bot Coins
Among the plethora of Telegram bot coins, one stands out with a significant market valuation: unibot (UNIBOT), boasting a staggering market cap of $117 million. Remarkably, this single coin represents over 84% of the entire Telegram bot coin economy. Additionally, there are seven other Telegram bot coins, each with a market cap of $1 million or more.
mevfree (MEVFREE) takes the spot as the second-largest Telegram bot coin with a valuation of approximately $5.7 million. Coingecko.com lists a total of 36 Telegram bot tokens, contributing to a combined global trade volume of $32.40 million in the past 24 hours. However, it’s essential to exercise caution while trading UNIBOT as the platform indicates project migration to a new contract and a variable tax function on the smart contract.
Distribution and Concentration of Telegram Bot Coins
The distribution of Telegram bot coins, particularly UNIBOT, reveals interesting insights. With a circulating supply of 1 million UNIBOT tokens, etherscan.io indicates the existence of 4,122 token holders. The top ten UNIBOT wallet holders control 16.40% of the total supply, while the top 50 holders possess 42.58%, and the top 100 addresses control 56.55%. In comparison, the second-largest Telegram bot coin, MEVFREE, has only 961 wallets as of July 24, leading to a higher concentration of tokens among larger holders.
Contemplating the Telegram Bot Coin Economy
The Telegram bot coin economy has swiftly become a force to be reckoned with in the crypto market. These unique assets provide a simple and chat-like environment for users to execute token trades directly through Telegram. However, the inherent volatility and concentration among large holders necessitate caution and thorough research when dealing with these tokens.
We invite you to share your thoughts and opinions about the Telegram bot coin economy in the comments section below.
Table Of Contents
Frequently Asked Questions (FAQs) about cryptocurrency market
What are Telegram bot coins?
Telegram bot coins are a type of cryptocurrency used within the Telegram ecosystem. They serve as automated programs facilitating trades on decentralized exchanges (dexs) and may implement yield farming strategies.
How much is the Telegram bot coin economy worth?
The Telegram bot coin economy is currently valued at $138 million.
Which Telegram bot coin has the highest market valuation?
As of now, the Telegram bot coin with the highest market valuation is unibot (UNIBOT), boasting a market cap of $117 million, representing over 84% of the total Telegram bot coin economy.
Are there any warnings associated with the UNIBOT token?
Yes, the UNIBOT token listing on coingecko.com carries two warnings. One indicates the project’s migration to a new contract, while the second cautions about a variable tax function on the smart contract. Traders are advised to conduct their own research and exercise caution.
How many token holders control UNIBOT’s supply?
UNIBOT has a circulating supply of 1 million tokens. According to etherscan.io, there are 4,122 token holders. The top ten wallet holders control 16.40% of the total supply, while the top 50 holders possess 42.58%, and the top 100 addresses control 56.55% of the supply.
What about the concentration of MEVFREE, the second-largest Telegram bot coin?
MEVFREE has a valuation of around $5.7 million and has 961 wallets as of July 24. The top ten wallet holders govern 43.58% of the total supply, and the top 100 wallets encompass 80.52% of the supply.
What should I know about the Telegram bot coin economy?
The Telegram bot coin economy is an exciting and rapidly growing sector in the cryptocurrency market. However, it comes with inherent volatility and concentration risks among larger holders, requiring caution and thorough research before trading.
2 comments
Beware tho! UNIBOT got sum warnings, new contract n’ tax stuff. Do ur research peeps!
Concentration’s cray cray! Top 10 UNIBOT wallets own 16%, big players in da game!