The INDEX Stage a "Heaven and Earth Needle" Drama, with a Half-Hour Amplitude Exceeding 400%, Market Cap Quickly Falling After Surpassing $65 Million

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BlockBeats News, July 17th, according to GMGN monitoring, the utility token INDEX on Robinhood Chain quickly fell back after surpassing a market value of $65 million, now trading at $26 million, with a rapid fluctuation of over 400% in just half an hour, a 47% increase in 24 hours, and a trading volume of approximately $19.2 million during the same period.

INDEX project's mechanism is "earn stock on-chain by holding," according to community disclosure. It imposes a 3% transaction tax used to purchase tokenized stocks on the Robinhood Chain and distribute them to holders, influenced by the Robinhood Chain's RWA narrative.

BlockBeats Note: On-chain token trading experiences significant volatility, often driven by market sentiment and speculative narratives, lacking actual value or use case. Investors should be cautious of the risks involved.

Sumber: BlockBeats

Disclaimer: Konten ini berasal dari pihak lain atau diterjemahkan oleh AI dari pihak lain. CoinEx tidak menjamin konten ini benar, asli, atau akurat, dan tidak memberikan saran investasi. Harga aset kripto sangat tidak stabil, jadi harap berhati-hati terhadap risiko yang ada.

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