$COW is trading around $0.422 (Bitget reports $0.4215), with a 24-hour volume of $21.29 million and a market capitalization of $163.83 million. Over the last day, the token has jumped 13.68 percent, reflecting renewed trader confidence. This latest upswing comes hot on the heels of CoW DAO’s CIP-67 governance vote (May 8–15) to shift from a batch auction to a fair combinatorial auction—an upgrade approved May 14 and expected to boost throughput by ~33 percent and improve execution fairness. Adding to the momentum, Coinone added $COW to its KRW market on May 6, expanding access in South Korea, and Upbit’s May 15 listing drove a one-day 46 percent spike when it launched on BTC, KRW, and USDT pairs. These protocol enhancements and major exchange listings have combined to reignite both institutional and retail interest in COW, underpinning today’s rally.