In a remarkable turn of events, the gaming NFT and rental token, $PROM, has experienced a staggering surge of over 78% in the past 24 hours.
Of course , this is accompanied by a remarkable 3300% increase in its 24-hour trading volume, propelling it to achieve a new yearly high at $14.64.
This surge in $PROM’s value comes on the heels of a significant investment from Andrei Grachev, the head of DWFLab. Grachev’s investment of 500K USDT resulted in the acquisition of 49,965 $PROM tokens at a price of $10 each, an hour prior to the surge.
$PROM is up 75% after the investment from the head of
DWFLab, Andrei Grachev.He spent 500K USDT to buy 49,965 $PROM at $10 an hour ago.
Never miss his action by setting an alert 🔔 at our platform https://t.co/PbYoJROZQF https://t.co/C38ky0Mpz0 pic.twitter.com/g87y6R9doI
— Spot On Chain (@spotonchain) February 14, 2024
In a statement shared on X, Andrei Grachev clarified that the investment was made on a personal basis and was not affiliated with the organization DWFLABS. He expressed his commitment to hold the coins for at least one year and pledged to provide ongoing support to the project.
Grachev emphasized, “I just made my first investment in a crypto project, independently from DWF. I invested in @prom_io with a commitment to hold coins for at least 1 year and support the project properly. Not an endorsement, NFA, DYOR LFG!”
$PROM Investors And Traders Interpret The Announcement As A Bullish Signal
The announcement of Grachev’s investment injected renewed optimism and confidence into the $PROM community, leading to a surge in trading activity and driving the token’s value to unprecedented levels.
The remarkable rise in $PROM’s value underscores the growing interest and investment opportunities within the gaming NFT and rental token sector.
As investors and enthusiasts closely monitor developments, the impact of Grachev’s investment and its implications for the $PROM ecosystem will be closely observed in the days and weeks ahead.
With excitement building around $PROM and its potential for further growth and development, stakeholders are eagerly anticipating the next chapter in its journey within the dynamic landscape of the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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