HOOK (Hooked Protocol) rose 20.02% in the last 24 hours

Gate News Bot news, July 10, according to CoinMarketCap data, as of the time of writing, HOOK (Hooked Protocol) is currently priced at $0.11, with a 20.02% rise in the last 24 hours, reaching a high of $0.12 and a low of $0.09. The 24-hour volume has reached $32.1 million. The current market capitalization is approximately $27.8 million, an increase of $4.64 million compared to yesterday.

Important recent news about HOOK:

1️⃣ Large token transfers attract market attention YZi Labs recently transferred 5.017 million HOOK (worth approximately $560,000) to an exchange. This move has attracted market attention regarding potential large transactions. As a major holder of investment unlock tokens, the fund flow of YZi Labs may impact the short-term price trend of HOOK.

2️⃣ HOOK price continues to rise trend HOOK has shown a continuous rise over the past week. On July 3rd, HOOK recorded a single-day rise of 24.24%, with a market capitalization increase of approximately $53,900. This sustained upward trend indicates that the market demand for HOOK is increasing, which may be related to its recent project developments or improved market sentiment.

3️⃣ Investment institutions’ positions attract attention YZi Labs currently holds a diversified cryptocurrency asset portfolio worth approximately $47.27 million, which includes a significant amount of ID and 1INCH tokens. As one of the important holders of HOOK, the institution’s investment strategy and capital flow may influence HOOK’s market performance.

From a technical perspective, the price of HOOK has broken through previous resistance levels, and the significant increase in 24-hour volume supports this rise trend. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and pay attention to various factors that may affect the price of HOOK.

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