Crypto Veteran Andrei Grachev Acquires 50K PROM As Price Soars Nearly 100%
In a significant development in the cryptocurrency realm, Andrei Grachev, the head of digital asset market maker DWF Labs, announced his venture into crypto investments. He revealed that he invested in the PROM token and committed to holding the coins for at least a year. This investment caught the attention of traders and investors worldwide and bolstered optimism for the gaming NFT marketplace Prom. As a result, the native token of Prom, PROM, experienced a remarkable surge in price.
A Closer Look Into The Report
Grachev stated that this was his first personal cryptocurrency investment, separate from his firm’s investments. His commitment to support the project and significant investment for a year generated immense optimism for the token in the broader crypto market. The nearly 100% increase in the PROM token’s price further reflected the positive impact of Grachev’s investment on its tokenomics. Lookonchain, an on-chain tracker, reported that Grachev accumulated 49,965 PROM by investing 500K Tether (USDT).
PROM Price Soars
The price of Prom has surged by 75.80% in the past 24 hours and is currently trading at $13.12. Even before Grachev’s purchase, the token experienced significant growth, reaching as high as $14.64 today. The trading volume and market cap have also seen substantial increases, with a trading volume surge of 2917.60%, reaching $82.44 million, and a market cap increase of 76%, amounting to $239.44 million.
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