Token

Measurable Data Token

Conflux

<p class="is-style-lead">A token for a decentralized data exchange ecosystem Measurable AI has lost over 40% in value just one day after reports praised its 117% surge on a weekly scale.</p> 
<p>Measurable Data Token (MDT), a native token for the Measurable ecosystem, just within one day lost nearly half of its value it’s been gaining the whole week. As of press time, MDT is down by 41% to $0.063, according to <a href="https://www.coingecko.com/en/coins/measurable-data-token" target="_blank" rel="noreferrer noopener">data</a> from CoinGecko.</p> 
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<p>The crash comes shortly after reports emerged, praising the token’s 117% growth on a weekly basis. However, amid the surge, analysts noted that whales have started depositing millions of MDT tokens to centralized exchanges, indicating a price dump should be expected.</p> 
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<p> You might also like: <a href="https://crypto.news/xrp-shortly-pumped-10-following-fake-blackrock-fund-filing/"> XRP shortly pumped 10% following fake BlackRock fund filing </a> </p> 
<p>According to an X account for Spot on Chain, crypto market maker DWF Labs deposited 5 million MDT tokens amid the price pump on Nov. 28, offloading a total sum of nearly 80% of tokens it had earlier received from the Measurable team. However, it is unclear if the recent dump was the result of DWF Labs’ token movements.</p> 
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   <p lang="en" dir="ltr">The CryptoTrend, our screener, indicates that the altcoin MDT (Measurable Data Token) is at high risk, as the Open Interest is 113% higher than the market cap. This highlights the absence of interest in spot trading, indicating predominantly leveraged positions, which could lead… <a href="https://t.co/amjG3VqYG0" target="_blank">pic.twitter.com/amjG3VqYG0</a></p>— Dominando Cripto (@DominandoCripto) <a href="https://twitter.com/DominandoCripto/status/1729675686644781087?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 29, 2023</a>
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<p>Measurable describes itself as a decentralized data exchange ecosystem built on the Ethereum network, which allows users to monetize their data. The ecosystem empowers MDT tokens, which users can earn by sharing their anonymized data with data buyers. Data buyers can then access this data to gain valuable insights for market research, consumer behavior analysis, and other purposes.</p> 
<p> Read more: <a href="https://crypto.news/dwf-labs-doubles-down-on-conflux-with-28-million-invested/"> DWF Labs doubles down on Conflux with $28 million invested </a> </p>

MDT plunged 40% shortly after reports praised its 7-day growth

crypto.news

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