Since its debut on February 5th, Pandora (PANDORA) has become a focal point for investors, thanks to its remarkable and rapid appreciation in value.
Within a mere seven days of its launch, Pandora’s price skyrocketed by an astounding 12,000%, reaching an impressive $32,800 per token.
What sets Pandora apart is its utilization of ERC-404, an innovative Ethereum token standard that amalgamates features from both ERC-20 and ERC-721 protocols.
Today, Pandora continues to captivate investors as it marks a remarkable 20% surge in value.
Onchain reports from Lookonchain shed light on the active involvement of whales in acquiring the token, further fueling its upward trajectory.
Whales are buying #PANDORA!
0x987f spent 2.07M $USDT to buy 100.01 #PANDORA at $20,750 in the past 2 days.https://t.co/oqPHbszPqD
0xF9e6 spent 438 $ETH($1.5M) to buy 64.21 #PANDORA at $23,392 in the past 18 hours.https://t.co/tVErBZ2x4V
0x5941 spent 1.19M $USDT to buy 54.46… pic.twitter.com/NJfx7jhfmp
— Lookonchain (@lookonchain) February 29, 2024
Massive Whale Accumulation Of Pandora Token And Other Transfer To Monitor
Whale 0x987f made a substantial investment, spending 2.07 million USDT to procure 100.01 PANDORA tokens at an average price of $20,750 over the past two days.
Similarly, 0xF9e6 demonstrated confidence in Pandora’s potential by investing 438 ETH, equivalent to $1.5 million, to acquire 64.21 PANDORA tokens at an average price of $23,392 within the past 18 hours.
Additionally, 0x5941 entered the fray by investing 1.19 million USDT to purchase 54.46 PANDORA tokens at an average price of $21,894 over the past two days.
The influx of investment from these prominent whales underscores the growing confidence and interest in Pandora’s future prospects.
As the cryptocurrency landscape continues to evolve, Pandora’s unique attributes and impressive performance position it as a notable player in the digital asset realm.
As investors closely monitor Pandora’s journey, its rapid ascent and utilization of cutting-edge token standards highlight the potential for innovation within the cryptocurrency ecosystem.
With ongoing developments and investor interest, Pandora remains poised to make further waves in the ever-changing world of digital finance.
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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