The breathtaking performance of the $MLG token, officially the 360noscope420blazeit token, captivated the entire cryptocurrency market during the last few weeks.
The token has gained extreme attention from the gaming and investor community for its rags-to-riches story steeped in gaming culture and Internet humor.
As of February 14, 2025, $MLG is estimated to trade at around $0.0583, a 10.26% rise over the previous close. The token’s trading for the day saw highs of $0.0632 and lows of $0.0452. Volatility is one common feature of meme coins; their price moves mainly according to market sentiment.
Major approvals from gaming and streaming personalities helped propel the token’s price. Recently, an influencer, Adin Ross, mentioned $MLG on his platforms, boosting its market cap from $60 million to more than $140 million in a few hours.
Aside from that, the well-writhed FaZe Banks, e-sports personality and co-founder of FaZe Clan, has also been pushing $MLG.
He bought 50 SOL ($9700 approx.) worth of $MLG and caused a 275% market pump. Consequently, the token’s market cap was further raised to $164 million. Banks followed through on his promise and got an MLG tattoo after $MLG surpassed a $100 million market cap.
Market analysts now report that the price movements of the $MLG token have been highly favorable to social media involvement and community sentiments.
$MLG might have started as a meme project, but it has established great competitive prowess. As per the latest data, more than $45 million in 24-hour trading volume was registered, with a circulating supply of about 998 million tokens. This puts its market capitalization, which declares its meme status, at about $140 million, making it skyrocket rapidly.
However, for years across the globe, investors warned $MLG to be careful. Another reason $MLG is considered a high-risk investment is the volatility and social media hype that affect its value within days.
$MLG’s rise highlights the blend of Internet culture and crypto markets but also underscores their volatility. Investors should always research and proceed with caution.
