Dog in Ski Mask Sparks 175% Surge in Human Protocol, Surging 129%
Human Protocol token is receiving significant attention from crypto traders, along with the Camila Cabello-backed meme coin, Ski Mask Dog.
Human Protocol (HMT) token surged by 175% in value as of the latest update on Saturday, demonstrating growth in the market while addressing identity verification challenges and data privacy concerns.
See below.
Humanity Protocol’s $1 billion valuation
Humanity Protocol, a blockchain-based project, achieved unicorn status in May, attaining a $1 billion valuation. This milestone followed a $30 million seed round led by Kingsway Capital.
Notable investors include Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
As outlined in a Medium post by Humanity Protocol, the funds facilitated team expansion and product development in preparation for the public testnet launch in the latter half of 2024.
The recent funding round came shortly after Humanity Protocol received strategic investment to establish the “human layer” for web3.
Various VC funds and individuals, including Polygon founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu, participated in the initiative.
Ski Mask Dog
Ski Mask Dog (SKI) also experienced increased activity on Saturday, November 30.
View the chart below.
Ski Mask Dog was established on Base, a Layer 2 blockchain by Coinbase. It has garnered attention for its community-focused approach, with over $8 million in volume within 24 hours.
Allegedly abandoned by its developer, SKI was rejuvenated by its enthusiastic community, resulting in a significant surge in value and popularity.
The coin has demonstrated resilience during broader crypto market downturns, indicating strong investor confidence.
Stars align
The project has also received endorsements from prominent figures, such as Jesse Pollak, Base’s creator, who publicly commended SKI and made a purchase, as well as singer Camila Cabello.
The former member of “Fifth Harmony” briefly showcased the SKI logo as her Instagram profile picture, increasing the coin’s visibility.
SKI stands out with its grassroots marketing and community creativity, often in the form of memes and social media campaigns that have amplified its popularity.
The coin’s market cap has exceeded $30 million, with daily trading volumes reaching $2 million, underscoring its increasing traction. It epitomizes the emergence of “social-first” meme coins that prioritize community engagement over traditional development roadmaps.