MPLX (Metaplex) rose 22.49% in 24 hours

Gate News Bot message, September 5, according to CoinMarketCap, as of the time of this report, MPLX (Metaplex) is currently priced at 0.27 USD, with a rise of 22.49% in the last 24 hours, reaching a high of 0.28 USD and a low of 0.19 USD. The current market capitalization is approximately 225 million USD, an increase of 41.3 million USD compared to yesterday.

Metaplex is a leading digital asset protocol on the Solana blockchain for creating tokens and NFTs. It provides developers with tools to quickly and securely build on-chain applications, including the Metaplex program library and digital asset standard API. Metaplex has been used to create nearly all tokens and NFTs on Solana, making it a vital infrastructure of the ecosystem.

Important news about MPLX recently:

1️⃣ Institutions such as Pantera and ParaFi participate in the FTX auction to acquire Metaplex tokens Multiple renowned investment firms, including Pantera Capital and ParaFi Capital, successfully acquired a certain amount of Metaplex tokens by participating in the FTX bankruptcy liquidation auction. This move indicates that institutional investors still maintain a high level of interest in the Metaplex project, which may provide some support for the MPLX price.

2️⃣ Metaplex ecosystem continues to expand As the main NFT and token creation protocol on the Solana blockchain, Metaplex has recently made progress in ecosystem construction. An increasing number of developers and projects are choosing to use Metaplex's tools and standards to deploy their digital assets, which helps enhance the utility and value of the MPLX token.

3️⃣ The market regains confidence in the Solana ecosystem As the overall sentiment in the cryptocurrency market improves, investors' confidence in the Solana ecosystem is gradually recovering. As an important infrastructure project on Solana, Metaplex has also benefited from this, and the price of the MPLX token has seen a noticeable rise.

From a technical perspective, MPLX has broken through the upper limit of the previous consolidation range, showing a strong rising trend in the short term. However, considering the significant rise in the previous period, investors should remain vigilant to the potential risk of a pullback.

This message is not intended as investment advice; investors should be aware of market volatility risks.