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- 🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
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The Founder of Altcoin Purchased in a Token that Dropped 55% in 2 Weeks! - Coin Bulletin
The founder of Particle Network, 0xpengyu, acquired an additional 13.16 million PARTI tokens. The average purchase price is $0.246.
Particle Network, which aims to facilitate cross-chain transitions in the Web3 space with Layer-1 solutions, is in the news due to a significant purchase by its founder. According to the on-chain analysis platform Lookonchain, founder 0xpengyu purchased 13.16 million PARTI tokens at an average price of $0.246. This transaction represents an investment of approximately $3.2 million.
It drew attention that purchases were made while the price was falling.
The acquisition of the founder coincided with a period when the PARTI price was at $0.185. The token had reached an all-time high of $0.4124 on March 25. However, in recent days, the price has dropped by over 55%, falling to around $0.18.
This move is interpreted as a positive signal for investors, indicating that internal confidence in the project remains strong.
Particle Network draws attention with its "Universal Account" architecture that allows users to operate with a single wallet and balance across all chains. This structure aims to facilitate cross-chain experiences on Web3, targeting the mass adoption of blockchain.