Crypto News

ARPA’s “” Launch Triggers Price Spike, Followed By Volatility

The recent announcement of’s launch by ARPA officials marks a significant milestone in the cryptocurrency gaming space.

As the first fully onchain game enabled by Randcast and incubated by ARPA on the redstonexyz chain built by latticexyz, has garnered attention for its innovative approach to blockchain-based gaming.

The unveiling of had an immediate impact on the price of the $ARPA token, which experienced a sharp price spike of up to 47%.

This surge reflected the initial excitement and optimism surrounding the game’s release, highlighting its potential to disrupt the gaming industry.

However, the spike in price proved to be short-lived, as the token’s value eventually retraced back to its initial levels. Over the past 24 hours, $ARPA experienced volatility, with its price fluctuating from a high of $0.098 to a low of $0.088.

This volatility underscores the typical reaction of the market to significant developments in the cryptocurrency sector, where investor sentiment often leads to rapid price movements.

Notable Smart Whales Keeps Accumulating ARPA Despite Volatility

Despite the short-term volatility, on-chain reports reveal that two smart whales strategically accumulated a substantial amount of $ARPA from Binance at $0.0334 back in November last year. 

Currently holding 41.88 million $ARPA tokens valued at $3.88 million, these whales have realized an unrealized profit of $2.47 million, marking a remarkable 177% increase in value.

The launch of represents a significant milestone for ARPA and the broader cryptocurrency gaming ecosystem. 

As blockchain technology continues to revolutionize the gaming industry, innovative projects like are poised to reshape the landscape, driving further adoption and growth in the space. 

Despite short-term price fluctuations, the long-term potential of projects like remains promising, signaling a bright future for blockchain-powered gaming platforms.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: surachaipung/123RF // Image Effects by Colorcinch

Leave a Comment

Your email address will not be published. Required fields are marked *