Pyth Token Leads Surge, Airdrops Propel Celestia’s TIA to New Heights
The Pyth (PYTH) token, native to the DeFi oracle network on Solana, has experienced a notable surge, rising over 10% in the last 24 hours and 35% over the week.
Following the highly anticipated Pyth airdrop last week, which distributed approximately 250 million Solana-based tokens to early users, the token’s value has gained traction. Unfortunately, U.S. users were excluded from the airdrop due to regulatory concerns. Additionally, Celestia’s TIA, another airdropped token, has seen a nearly 13% increase today, reaching $6.18, making it one of the top-performing cryptocurrencies currently. Meanwhile, Solana (SOL), ranked seventh by market cap, has surged almost 4%, trading at $56 per coin.
Notably, Dogecoin (DOGE) has risen nearly 4% in the past 24 hours, reaching $0.08, and Bitcoin, the largest digital asset, has experienced a nearly 3% increase, trading at just over $38,000. The crypto space’s continued interest from institutional investors, particularly in Bitcoin, stems from optimism surrounding the potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission. This development could provide traditional investors with exposure to the digital coin without the need to directly purchase or hold BTC.
Clever Robot News Desk 29th November 2023
