Human Protocol token is getting extra love from crypto traders, as is the Camila Cabello-backed meme coin, Ski Mask Dog.
Human Protocol (HMT) token jumped 175% in value at last check Saturday, as it continues to gain traction in the market while also addressing both identity verification challenges and data privacy concerns.
See below.
Humanity Protocols $1 billion valuation
Humanity Protocol, a blockchain-based project, reached unicorn status in May, boasting a $1 billion valuation. This milestone came after it secured $30 million in a seed round led by Kingsway Capital.
Among its investors are Animoca Brands, Blockchain.com, Hashed and Shima Capital.
According to a Medium post by Humanity Protocol, the funds helped expand the team and develop products ahead of the public testnet launch in the second half of 2024.
We‘ve become crypto’s new digital identity unicorn! ????
Check out the full story on our $30M raise at a $1B valuation
— Humanity Protocol
The latest funding round came only months after Humanity Protocol received strategic investment to build the “human layer” for web3.
Several VC funds and individuals, including Polygon founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu, joined the effort.
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Ski Mask Dog
Ski Mask Dog (SKI) also saw increased traffic on Saturday, Nov. 30.
See the chart below.
Source: CoinGecko
Ski Dog Mask was built on Base, a Layer 2 blockchain by Coinbase. It has since gained attention for its community-driven approach, touting over $8 million in volume over 24 hours.
Reportedly abandoned by its developer, SKI was revived by its enthusiastic community, leading to an impressive surge in value and popularity.
The coin has shown resilience during broader crypto market dips, indicating strong investor confidence.
Stars align
The project has also benefited from endorsements by notable figures, including Jesse Pollak, Bases creator, who publicly praised SKI and purchased it, as well as singer Camila Cabello.
The former “Fifth Harmony” member briefly used the SKI logo as her Instagram profile picture, amplifying the coins visibility.
SKI also distinguishes itself with its grassroots marketing and community creativity, often manifesting as memes and social media campaigns that have further fueled its popularity.
The coins market cap has exceeded $30 million, with daily trading volumes reaching $2 million, showcasing its growing traction. It exemplifies the rise of “social-first” meme coins that prioritize community engagement over traditional development roadmaps
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