New Animecoin (ANIME) from Azuki Reaches $350M Market Cap in 24 Hours

Animecoin (ANIME), the new token powering the Azuki NFT project's expanding ecosystem, has made a strong debut, reaching a market capitalization of over $350 million just one day after its launch. This impressive start highlights the growing interest in anime-inspired projects within the Web3 space and the potential for tokens to play a larger role in fan communities.

Inside the Numbers: ANIME's Tokenomics and Distribution

Currently trading at $0.063, ANIME has a fully diluted value (FDV) of approximately $630 million, with around 5.53 billion tokens in circulation, according to CoinMarketCap. The token launched on January 23 with a total supply of 10 billion tokens.

The distribution of ANIME tokens is designed to foster community involvement. 37.5% of the total supply is allocated to the Azuki community, with another 13% set aside for community management through a future DAO. The Azuki Foundation will receive 24.44%, while the remaining roughly 25% is split between the Azuki company, early contributors, and partner communities like Hyperliquid's HYPE stakers, Kaito yappers, and Arbitrum communities. Tokens allocated to early contributors, advisors, and Azuki employees will unlock over three years, with a one-year cliff.

Beyond the Token: Building an Anime-Centric Web3 Network

Animecoin is a key component of a larger vision to build an anime-focused Web3 network. Future plans include the launch of Animechain, a Layer 3 network built using Arbitrum's Orbit technology, which will utilize ANIME as its gas token.

Azuki NFTs: A Powerhouse in the Digital Art World

Launched in 2022 by Chiru Labs, the Azuki NFT project features 10,000 digital artworks of anime-inspired figures. It has consistently ranked among the most popular NFT collections by weekly trading volume, generating $31.6 million in sales between January 12 and January 19 alone.