PlayIconNav
BTC
$68,148.76+1.28%
ETH
$3,275.22+0.66%
BNB
$588.46+1.86%
SOL
$186.53+4.11%
XRP
$0.60144800+0.05%
DOGE
$0.13531104+4.30%
CD20
$2,307.57+1.71%
TON
$6.74-0.27%
ADA
$0.41781247+0.80%
TRX
$0.13721607+0.32%
AVAX
$28.70+1.53%
WBTC
$68,200.14+1.28%
Ad
Finance

Memecoin-Focused Crypto Casino Coco Makes a Cracking Debut, Hits $36M in Volume

The casino features a slot machine focused on dogecoin and pepe.

By Oliver Knight
AccessTimeIconJul 28, 2023 at 11:23 a.m. UTC
dogecoin/pepe slot machine (Coco Bets)
dogecoin/pepe slot machine (Coco Bets)

Coco, a new crypto casino inspired by the Milady NFT project, has rolled out on the Ethereum blockchain with transaction volume hitting $36 million in the first 12 hours after its release, according to etherscan data.

The platform's native token (COCO) has surged to 8 cents giving it a market capitalization of $8.8 million. Crypto exchange Poloniex listed the token on Friday.

VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • As the wider crypto market continues to stagnate with a lack of volatility, crypto traders are frequently turning their attention to on-chain betting platforms like last week's phenomenon; hamster racing.

    Coco's casino features a slot machine inspired by Milady NFTs and another that focuses on popular memecoins pepe (PEPE) and dogecoin (DOGE). It also hosts three traditional casino table games in blackjack, baccarat and casino hold'em.

    The casino brands itself as "provably fair" as each game generates a seed and reveals its hash using the SHA256 algorithm, this seed is created before each game and ensures that nothing can be tampered with.

    Popular crypto casino Rollbit has also been gaining traction in light of the stable market this month, with its native token (RLB) rising to 7 cents from 2 cents.

    Edited by Parikshit Mishra.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter