๐ Pandora, an unofficial ERC-404 token, has taken the crypto world by storm! Launched on February 2nd, its fully diluted valuation skyrocketed to over $320 million in just a week, with a total trading volume of 73,024 ETH (around $190 million) ๐. Currently priced at over $21,000, Pandora has 1,420 distinct owner wallets holding at least one complete token ๐.
๐ Pandora's "diamond hands" dominate, with half of the 5,681 NFTs or complete tokens held by wallets that haven't sold since their initial acquisition. This impressive retention rate outshines established NFT collections like Pudgy Penguins (53%) and Bored Ape Yacht Club (44%) ๐ง๐ฆ.
๐ Since Pandora's debut, 15 projects have adopted the novel ERC404 "token standard," with three trading over 10,000 ETH in volume and another 12 trading over 1,000 ETH ๐. This trend shows the industry's embrace of native liquidity for hybrid token standards.
๐ณ Finally, whale activity has been spotted! Two whale addresses have invested millions of USDC to acquire large amounts of Pandora tokens, becoming the second and fourth largest holders, respectively ๐. Keep an eye on this exciting new token!