The Black Bull (ANSEM) surged over 25% in the past 24 hours, extending two consecutive days of double-digit gains. Weekly returns exceeded 56% as its market cap surpassed $150 million. The rally was fueled by a technical breakout, whale accumulation, and utility expansion into the Ansem.io launchpad, where revenue is used to burn tokens, creating supply scarcity. Over 2.43 million ANSEM, equivalent to 0.50% of the supply, have been burned. Active holders surpassed 132,000, doubling from a month and a half ago. A whale accumulated 2.1 million tokens from Coinbase, now holding 1.02% of the supply. ANSEM is trading in an ascending channel with technical indicators showing bullish momentum.
ANSEM, the governance token of the Ansem.io launchpad, has seen its price increase by more than 25% in the last 24 hours. The memecoin’s weekly returns have exceeded 56%, pushing its market capitalization above $150 million.
The surge is attributed to the expansion of its utility into a launchpad platform. The Ansem.io economy fuels token supply scarcity through revenue-generated token burns, with over 2.43 million ANSEM burned so far.
Over 1,177 projects have been launched on the platform, contributing to $382 million in trading volume. Active holders have risen to over 132,000, doubling the count from a month and a half ago.
Whale accumulation has also played a significant role. A fresh wallet accumulated 2.1 million tokens worth $513,000 from the Coinbase exchange, according to Stalkchain. The same wallet bought a total of 10.20 million ANSEM for $2.80 million, moving from the seventh to the third largest holder, now holding 1.02% of the supply.
However, the airdropping of ANSEM tokens is balancing the price surge. The deployer noted over $600,000 had been distributed to holders on the first day of the Ansem.io platform.
On the charts, ANSEM has completed its correction after hitting an all-time high of $0.45. The Money Flow Index (MFI) is at 67, indicating capital inflow, while the MACD reinforces bullish strength.
The token is trading at the top of an ascending channel, which could prompt a short-term pause. The price may trade back to the channel’s rising support around $0.25 before making a higher high, though demand at $0.30 may mitigate the correction.
