CandleFocus GRASS Price Surpasses $1 After Listing, Leading DePin Trading Volume
2024-10-30
Author: Content Editor
The DePin Grass project has started trading on various exchanges after its airdrop. The price of GRASS briefly reached over $1 as trading volume increased. However, daily unlocking activities may pose a risk to its price. The market has valued GRASS's fully diluted valuation at over $1 billion. Despite a price retracement, investor optimism for the token remains high. GRASS currently has the highest trading volume among DePin tokens. An investor suggests that the actual circulating supply of GRASS may be lower than initially reported. Projects with a high fully diluted valuation and a small circulating supply may be risky. GRASS's Linear Unlock process will continue until 2028, exerting long-term selling pressure on the token's price. Grass is a DePin project developed by Wynd Network, where users earn GRASS tokens as rewards for sharing their internet resources.
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