The Pandora project token (PANDORA) is experiencing significant growth in value as excitement around ERC-404 tokens continues to rise. According to data from CoinMarketCap, PANDORA has surged by 30% in the last 24 hours, reaching $32,800 at the time of writing. Trading volumes for the token have also seen explosive growth, exceeding $100 million.

Within a week of its launch, the token’s value has surpassed $32,000. The popularity of the new format is evident as trading volumes on decentralized exchanges (DEXs) and non-fungible token (NFT) platforms have exceeded $210 million in less than a week since its creation, as reported by Dune.

“The #Binance Web3 Wallet now supports #ERC404 tokens.”

Leading cryptocurrency exchange Binance has recently added support for ERC-404 tokens to its Web3 Wallet. This move follows the addition of 19 new apps to the Web3 Wallet platform, demonstrating Binance’s commitment to embracing the latest developments in the cryptocurrency space.

Additionally, OKX, another prominent cryptocurrency exchange, has confirmed that ERC-404 tokens are now available on its Web3 platform, providing users with access to trending tokens like Pandora, ANON, DEFROGS, and CRYSTAL.

Pandora stands out as the first token to be issued based on the experimental ERC-404 standard, which combines elements of ERC-20 and ERC-721. With this new standard, NFTs automatically appear in the buyer’s wallet upon purchase, enhancing user experience and liquidity. Holders now have the option to sell their NFTs on DEXs instead of traditional marketplaces, offering more flexibility and accessibility.

As the cryptocurrency market continues to evolve, the rise of ERC-404 tokens like PANDORA reflects the industry’s innovative spirit and commitment to exploring new possibilities. Stay tuned for more updates and news on Global Crypto News to stay informed about the latest developments in the world of cryptocurrencies.

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