Share this article
Up 50%: Ethos Rallies Big After Crypto Wallet Launch
A token seeking to power an ecosystem of applications is consolidating gains after a bout of big news this week.
Updated Dec 12, 2022, 1:53 p.m. Published Jul 5, 2018, 2:30 p.m.
Gravity-defying might be the best way to describe the "ethos" token market this week.
Designed to power an ecosystem of payment gateways and wallets, the ethereum-based token picked up a bid at $1.20 a week ago developers behind the effort informed markets about an impending "big announcement." Traders responded and the crypto asset remained bid around $1.50 over the weekend.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Rumors would swirl for days, with some speculating a major deal with Wall Street was in the works. However, the big announcement turned out to be the launch of Ethos Universal Wallethttps://www.ethos.io/universal-wallet/, which aims to enable users to store all of their tokens and cryptocurrencies safely and securely on the mobile device.
Ethos launched the wallet in the Netherlands, Germany and the US over the last three days, and has garnered plenty of attention across the investor community.
Ethos token rose to a high of $3.35 on Wednesday - the highest since May 14, according to CoinMarketCap before falling back below $2.00. Ranked #72 as per market capitalization, Ethos is now trading at $ 1.90 - up a solid 50 percent week-on-week and is one of the best performing of the top 100 cryptocurrencies.
Further, the trading volume jumped more than 400 percent week-on-week, adding credence to the price rally.
Still, whatever the excitement, the news that the software system the token is looking to power is closer to its vision wasn't exactly enough for the project to see all-time highs.
After launching last June, prices clocked a record high of $10.41 on January 7.
Plastic balls via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Dogecoin, PEPE rocket as much as 25% as 2026 starts with a bang for memecoins
The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
What to know:
- Dogecoin and Pepe led a significant meme coin rally, with Dogecoin rising 11% and Pepe surging 17% in a single day.
- The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
- Traders are speculating on meme coins as a high-risk, high-reward opportunity amid uneven liquidity and a lack of clear macroeconomic catalysts.
Top Stories
