The ERC-404 token sector has seen a notable decrease following a week of rapid expansion, according to data from Coingecko. In the last 24 hours, the total market capitalization of the ERC-404 sector has dropped by 33% to $163 million. Key tokens like PANDORA have experienced a decline of over 24%, with DEFROG down by 26% and RUG in the red by 31%.

Key Highlights:

  • PANDORA, a popular ERC-404 token, has seen a significant drop after a period of rapid growth, with a price increase of almost 800% in the past seven days.
  • DEFROGS also showed substantial growth, with one trader reportedly earning over $166,000 in two days by purchasing the DeFrogs token.

PANDORA is the first token issued based on the experimental ERC-404 standard, combining elements of ERC-20 and ERC-721. Several marketplaces and protocols have announced their support for PANDORA, including OKX, Blur, OpenSea, Bitget Wallet, Teller, Wasabi Protocol, and LBank.

As the ERC-404 token sector faces a decline, it’s essential for investors to stay informed and monitor market trends closely. Stay tuned to Global Crypto News for more updates and insights on the cryptocurrency market.

For more information on the latest developments in the world of cryptocurrency and finance, explore Global Crypto News.

Post Views: 8