MAVIA Surges 30% in 24 Hours
The native cryptocurrency of the mobile game Heroes of Mavia, MAVIA, has experienced a significant surge, increasing by 30% in the last 24 hours and reaching a high of $8.59. Currently, MAVIA is trading at $7.76 with a market cap of $232 million, representing a 12.78% increase. Since its launch on February 6, MAVIA has already gained 170%.
Whale Frenzy Boosts MAVIA Price
An Ethereum wallet known as 0x82886ad5e67d5142d44ed1449c2e41b988bfc0ab recently purchased over 12,000 MAVIA tokens valued at $100,000 USDC in two transactions. This wallet, referred to as “Smart trader ETH and MKR 0x828” by Spot On Chain, bought MAVIA tokens at an average price of $8.125 each. It is worth noting that this is the first investment this wallet has made in MAVIA. The trader behind this wallet has a successful track record, having earned $357,000 in profits from Maker trades and holding approximately $16.09 million in Ethereum.
The large capital influx and endorsement from a respected ETH and MKR trader have generated buying interest in MAVIA. Speculators interpret this move as a sign of potential value in the Heroes of Mavia project, leading to increased demand for MAVIA tokens. Consequently, the token price has surged by 35% as speculators rush to take advantage of the perceived opportunity.
Gaming Tokens Experience Bullish Rally
The surge in MAVIA’s price coincides with a fresh boost for gaming tokens following Bitcoin’s crossing of $50,000. Alongside Heroes of Mavia, the price of ImmutableX (IMX) has also reached its two-year high.
Immutable, the token that powers the gaming-focused Ethereum scaling platforms Immutable X and Immutable zkEVM, surpassed $3 on Sunday. It has since stabilized at $3.09. CoinGecko data shows that this is the highest value IMX has achieved since February 2022, with a notable 37% increase over the past week. As a result, Immutable has entered the top 25 cryptocurrencies by market capitalization.
Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.