News

$BIO Surges on Launch: $1B Market Cap Achieved, DeSci Narrative Gains Momentum

Bio Protocol, a pioneer in the decentralized science (DeSci) sector, launched today with an impressive trading volume surpassing $1 billion.

$BIO has become the first DeSci token to break the $1 billion market cap barrier, signaling a potential breakout for the sector. At these levels, many believe it’s still early for investors to gain exposure to this burgeoning space.

Whale Activity: Fiskantes Moves $4.77M to Binance

Two hours ago, the wallet xinanko.eth, identified by Arkham as belonging to Sigil Fund’s CIO Fiskantes, transferred 6.54 million $BIO tokens (valued at $4.77 million) to Binance. These tokens were initially acquired during the public offering at an average price of $0.04. With $BIO now trading at $0.74, the move represents an 18x return, equating to a $4.5 million profit.

$BIO: The Safest Bet in DeSci

Described as the “index fund for science-based DAOs,” $BIO offers exposure to a basket of DAOs that actively participate in the science and research space. This makes it a safer and more diversified play for those looking to invest in DeSci’s potential.

Other DeSci Projects to Watch

1. $RSC: Developed by ResearchHub and co-founded by Coinbase’s Brian Armstrong, $RSC aims to revolutionize the peer review process by rewarding scientists for reviewing papers.

2. $LAKE: Backed by strong partnerships, including the European Union, $LAKE is working to bring health data onto the blockchain.

Conclusion

With Binance launching $BIO and the DeSci narrative taking shape, this sector is poised for growth. Early investments in tokens like $BIO could offer significant opportunities as the space matures.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.