Two social tokens are shining brighter than the rest with a combined market capitalization of $240 million.
Research compiled by crypto data aggregator Messari has revealed the WHALE token is the most valuable social token with a market capitalization of $136 million. RALLY is a close second with a $104 million market cap, meaning the pair represent $240 million combined.
Whale is currently the most valuable social token by marketcap at $136mm
— Messari (@MessariCrypto) April 5, 2021
According to CoinGecko, the two tokens represent 83% of the entire social token sector’s capitalization.
Social tokens are backed by the reputation of the individual, brand, or community issuing them. While the sector has recently been gaining traction broadly, WHALE and RALLY are currently dominating the pack.
Rally is an open Ethereum-based network that enables creators to launch independent economies with their communities. The platform supports ‘creator coins’ which help facilitate an economy around a