$COW
The *CoW Protocol (COW)* token is a **DeFi/DEX ecosystem token** with a **max supply of 1 billion COW**, of which approximately **~560 million tokens are currently in circulation (~56% unlocked)** — meaning roughly half of its supply still remains locked or reserve-held. As of early February 2026, COW is trading around **$0.16–$0.17 per token**, giving it a **market capitalization in the ~$90–$95 million range** and a **24-hour trading volume above $5 million**, reflective of meaningful market interest and liquidity. The token’s **fully diluted valuation (FDV)** — price × max supply — stands near **$168 million**, a metric that highlights future valuation potential if full supply were circulating. COW’s **all-time high was around $1.21**, meaning the current price sits **≈-86% below that peak**, indicating significant drawdown since its prior highs. Its **all-time low is near ~$0.04**, so recent prices remain multiple times above that floor, showing some historical recovery range. Utility for COW includes **governance rights, trading fee discounts, and participation in the protocol’s decentralized exchange mechanics**, with tokenomics designed to support ecosystem growth and DAO involvement. Overall, COW’s price action reflects typical **DeFi token volatility driven by sentiment, trading demand, and broader market trends**, with key levels near $0.14–$0.18 often watched by market participants. #COW #USIranStandoff #WhaleDeRiskETH #RiskAssetsMarketShock #BitcoinGoogleSearchesSurge