Newly launched altcoins often receive a lot of hype, resulting in their initial price jumps. However, historical data reveals that most of these face a sell-off right after that, continuing for weeks or even months.

After the post-launch dip, Animecoin's native token, ANIME, has experienced a significant surge in value following its listing announcement by Bithumb, one of South Korea's prominent cryptocurrency exchanges. This development has not only spotlighted Animecoin but also underscored the growing influence of meme coins backed by vibrant communities like that of anime enthusiasts.

The crypto market's recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.

Azuki launched the Anime.com Web3 platform. Anime.com allows users to watch content, create their own avatars, and trade NFTs on the platform.