Ethereum Price Pumps Above $2,300 While Meme Kombat Blasts Past $5m as Meme Coin Whales Buy Big

The price of Ethereum continues to climb, hitting a high of over $2,300 today as the hype surrounding crypto-focused meme coins grows. Ethereum’s rapid price appreciation comes after the launch of a new game called Meme Kombat, which has quickly become one of the biggest DeFi projects of all time with over $5 million in total locked value. The game, created by developers at Impermanent Labs, has proven to be a hit with meme coin whales, who have been buying up tokens in the game’s NFT marketplace. Meme Kombat features a unique moonlighting system that encourages trades between holders of two particular meme coins — Rari and Bao. Users of the game can earn interest by minting their own NFTs, which can be bought and sold in the game’s marketplace. The game also offers more conventional cryptocurrency trading markets for Ethereum and USDC, two of the most popular digital assets. Meme Kombat clearly seems to be winning over the hearts and minds of crypto traders and enthusiasts, with Ethereum’s rise signaling wider crypto adoption. As Ethereum continues to climb, many of the world’s leading companies are sure to take notice.