Illumicati ($MILK) Shows Recent Volatility with Meme-Driven Community Focus

The Illumicati token ($MILK) has experienced a slight 24-hour increase in price, but it remains significantly below its all-time high. Its market cap stands at approximately $155,700, with a very low trading volume around $21, and a decrease of 2.15% over the last 24 hours. Over the past week and month, it has declined by 14.48% and 8.9%, respectively. This meme token, associated with the Ethereum ecosystem, aims to replace existing meme tokens by establishing a built-in DAO, reflecting its community-driven approach. The current supply is about 53.27 trillion tokens out of a maximum of 69.79 trillion, with notable volatility indicated by its ATH and ATL percentages. The token's recent price action suggests some volatility, and the overall decline over the past month hints at cautious performance at this stage. Its purpose as a meme token with a DAO structure might appeal to specific investor segments interested in community engagement and meme culture, but it also indicates high risk and speculative nature. Investors should be mindful of its high supply, volatile history, and the fact that it is primarily a meme-token within the Ethereum ecosystem, which often sees rapid shifts based on community sentiment rather than fundamentals.