CorgiAI, a relatively unknown coin, quickly became the eighth largest meme coin by market cap. According to CoinGecko data, CorgiAI has surged an incredible 60% in the last 24 hours and 102% in the last week. With this rise, CorgiAI left behind more well-known meme coins such as Pepecoin, Memecoin and even TRUMP. CronoScan data shows that CorgiAI’s market cap now exceeds $800 million and is close to surpassing Book of Meme.

However, despite these impressive figures, it is necessary to pay attention to some important points about CorgiAI. According to information on CoinMarketCap, CorgiAI’s market value has not yet been confirmed. In an environment characterized by high volatility (price fluctuation) due to the nature of meme coins, this underscores the need for investors to take extra care. In fact, when we look at CorgiAI’s one-year history, we see that the token price has experienced similarly significant fluctuations three times.

In addition, it is stated that there is a “mint” (printing) function in CorgiAI’s smart contract. This function has the potential to create more tokens. This may negatively affect the token price by affecting the balance of supply and demand. Therefore, it would be beneficial for investors to research such technical details and act cautiously before investing in CorgiAI.

The most important feature that distinguishes CorgiAI from other meme coins is its community-oriented structure and aim to use artificial intelligence (AI) technology. CorgiAI is a meme coin operating on the Cronos network. The aim of the project is to develop various tools using artificial intelligence. Their latest work in this field is the “Corgi Cre8r” project, an NFT text-visual artificial intelligence generator. The CorgiAI team plans to integrate artificial intelligence technology into its projects in the future.

Another important factor behind CorgiAI’s rise may be the campaign carried out by the Cronos chain. The Cronos network is a layer-1 blockchain that is interoperable with Ethereum and Cosmos. The native token of this chain, created in partnership with Crypto.com and Cronos Labs, is CRO. According to CoinGecko data, the CRO token currently has a market cap of $3.4 million.

The Cronos chain has had a relatively quiet history in terms of meme coins. However, wanting to change this situation, the Cronos team launched a campaign to promote their own meme coin. Users who participated in this campaign received token rewards and the opportunity to win an exclusive NFT. The campaign, called “Cronos Spring Odyssey: Memecoin Trails,” asked participants to follow Twitter accounts of specific tokens, like and retweet posts, as well as purchase and hold $5 worth of CorgiAI. According to CoinGecko data, the CorgiAI price has risen 97% since this campaign started. As a result of this increase, CorgiAI has become the fifth largest token on the Cronos network, behind USDC, Wrapped Bitcoin, Maker stablecoin DAI and the network’s native CRO. Although CorgiAI made the most significant gain among the other 10 tokens included in the campaign, there were also increases in other tokens. The token named “Knife Crow” became one of the tokens that benefited from these increases, reaching a market value of $ 55,000 with an increase of 14.3% in the last 24 hours.

Checklist campaigns and giveaways that CorgiAI ran on Twitter may also have contributed to the rise in the token price. These campaigns, organized through the GALXE Quest platform, had similar conditions to the Cronos Spring Odyssey campaign. Elements such as Twitter interactions, token purchases and holdings gave participants in CorgiAI campaigns the right to participate in sweepstakes.