Pandora’s ERC-404 Token Surges with $190M Trading Volume Within a Week of Launch: Nansen
Pandora, an experimental hybrid token based on the ERC404 standard, has experienced a surge in trading volume since its deployment on February 2.
Within just one week, the token’s fully diluted valuation soared to over $320 million, making it one of the most talked-about projects in the crypto space.
According to data as of February 13, the total trading volume of Pandora reached an impressive 73,024 ETH, equivalent to approximately $190 million, Nansen said in an analysis shared with Cryptonews.com.
Notably, this volume includes transactions on both decentralized exchanges (DEXs) for ERC20 tokens and NFT marketplaces for ERC721 tokens.
As of the latest update, Pandora’s price stands at around $21.9k, marking a 32% decline since its all-time high.
The token has garnered attention from 1,420 unique owner wallets, each holding at least one full token.
Among the 5,681 NFTs or full tokens in circulation, an impressive 50% are held by “diamond hands” wallets, indicating a strong investor belief in the project’s potential.
This retention rate surpasses established blue-chip NFT collections such as Pudgy Penguins and Bored Ape Yacht Club, according to the Nansen report.
Just recently, Nansen Product Marketing Manager Journey Li revealed in a post on X that a wallet funded by a wallet funded by Amber Group bought 109 Pandora yesterday, which amounted to about $1.96M at the time.
interesting, a wallet funded by a wallet funded by Amber Group bought 109 Pandora over the last hour
at the current price, worth about $1.96M pic.twitter.com/nSsK9LPPtd
— Journey
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