ANSEM’s 2.43M token burn – Can launchpad demand sustain the rally?

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ANSEM surged by over 25% in 24 hours, bringing its weekly gains to over 56%, while its market cap surpassed $150 million. The protocol burned over 2.43 million ANSEM tokens, representing 0.50% of total supply, a reduction that contributed to the price increase. Over 1,177 projects were launched on the platform, generating $382 million in trading volume, and the number of active holders exceeded 132,000, doubling compared to a month and a half ago. Whales also aggressively accumulated tokens, with one wallet purchasing 10.20 million ANSEM for $2.80 million. Technically, the price is holding within an ascending channel but faces resistance at its top, with an all-time high at $0.45.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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