A token for a decentralized data exchange ecosystem Measurable AI has lost over 40% in value just one day after reports praised its 117% surge on a weekly scale.

Measurable Data Token (MDT), a native token for the Measurable ecosystem, just within one day lost nearly half of its value it’s been gaining the whole week. As of press time, MDT is down by 41% to $0.063, according to data from CoinGecko.

The crash comes shortly after reports emerged, praising the token’s 117% growth on a weekly basis. However, amid the surge, analysts noted that whales have started depositing millions of MDT tokens to centralized exchanges, indicating a price dump should be expected.

According to an X account for Spot on Chain, crypto market maker DWF Labs deposited 5 million MDT tokens amid the price pump on Nov. 28, offloading a total sum of nearly 80% of tokens it had earlier received from the Measurable team. However, it is unclear if the recent dump was the result of DWF Labs’ token movements.

Measurable describes itself as a decentralized data exchange ecosystem built on the Ethereum network, which allows users to monetize their data. The ecosystem empowers MDT tokens, which users can earn by sharing their anonymized data with data buyers. Data buyers can then access this data to gain valuable insights for market research, consumer behavior analysis, and other purposes.



Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version