ERC-404-based projects, an experimental token standard on the Ethereum network, experienced major losses in value in a short time.
In the past weeks, especially with pioneering projects such as Pandora (PANDORA), ERC-404 craze recently suffered a great loss.
All ERC-404 markets in the last 24 hours While losses reached rates exceeding 30% It received its share of the decline from all projects in this ecosystem.
The largest ERC-404 project according to data PANDORA over 15% While experiencing a decline DeFrong (DEFROGS) 22%over and Rug (RUG) is 38% It hosted a loss in value.
Pandora, the biggest name among ERC-404 tokens, has increased in total since its entry into the market on February 2. More than $230 million It saw transaction volume and the project gained 100 times in value approximately 1 week after it was launched on the market.
ERC404 on the Ethereum blockchainloss tokensIt is a standard used for. This standard is designed to recover tokens that have been accidentally or intentionally sent to a smart contract and are no longer accessible.
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Interest in Ethereum’s New Trend Altcoins is Declining: Serious Drops Have Come! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.
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