$COW is trading at $0.4925 USD, with a 24-hour volume of $115.59 million and a live market cap of $202.56 million, marking a 26.74% gain over the past day. This breakout has been driven by CoW DAO’s strategic loan of 7.5 million COW to Wintermute to seed FM-AMM and CEX liquidity pools—tightening circulating supply—followed by CoW’s February listing on Upbit, which unlocked KRW, BTC, and USDT pairs and ignited a surge in Asian retail demand, and by growing uptake of its MEV-protection batch auction model, which aggregates trades into uniform-price batches to thwart front-running and slippage, drawing both institutional solvers and momentum traders back into the protocol.