Why LimeWire (LMWR) Surged By 30% Today

Key Points

• LimeWire (LMWR) surged by over 30% today.
• The coin has a market cap above $116 million.

LimeWire (LMWR) token surged by more than 30% today. At the moment of writing this article, LMWR has a total market cap of over $116 million.

On June 20, the team behind LimeWire revealed that they managed to reach $1 million in trading volume in less than 3 hours.

Also, they saw a second new listing in just one week with the coin being available on Bitvavo, a leading European exchange with over 1.5 million users and a monthly volume of more than 10 billion Euros.

A second new listing in just one week $LMWR is now available on @bitvavocom, a leading European exchange with more than 1.5 million users and a monthly volume of over €10B

Come and check it out here https://t.co/g45CkVYBQ0

— LimeWire (@limewire) June 20, 2024

On June 17, the team at LimeWire was celebrating reaching an important milestone of 30,000 followers on CoinMarketCap.

Also, on June 14, LMWR became available for trading on BingX.

What is LimeWire (LMWR)?

LimeWire is a legendary file-sharing brand from the early 2000s and it has reemerged to reshape the creator economy once more.

The new LimeWire is a leading AI Studio for image, music, and video content creation and social media platform for content creators, artists, and musicians.

This is home to the 2nd largest Discord community globally with more than 2 million members who have already created over 500 million AI-generated content pieces.

Also, through blockchain technology, LimeWire platform makes AI-generated content ownable and tradeable as NFTs and it allows creators and fans to earn LMWR as part of the LimeWire ad-revenue share program.

LMWR is an ERC-20 utility token that is embedded into the LimeWire platform and used by millions.

LimeWire has successfully closed over $17.5 million in strategic and public sales of the $LMWR Token, with a long list of strong backers including Kraken Ventures, Crypto.com Capital, GSR, and Arrington Capital.

The company has closed strategic partnerships with Universal Music Group (UMG), Algorand, Polygon, and Google Cloud.