After the official launch of the PUFFER claims portal today, the price of the crypto experienced a massive rally. Currently, it is at $0.4956, up by 68.40% over the last seven days.
PUFFER Price Overview and Market Activity
The current price of the coin is $0.4939, up 67.84% in the past 24 hours. The price fluctuated between a low of $0.2943 and a high of $0.5076.
These price actions demonstrate high levels of volatility, presenting opportunities and risks for traders in the market.
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In addition, Puffer has a market cap of $50.70 million and a trading volume of $152.96 million. These stats indicate increased investors’ interest in the token.
The metric of the fully diluted valuation (FDV) stands at approximately $495.57 million, which represents the asset’s growth rate. PUFFER tokens circulating supply is 102.31 million, with a total supply capped at 1 billion tokens.
Community Engagement and New Opportunities
With a launched claims portal, the Puffer community is engaging with the project more than ever. The portal allows users to claim $PUFFER tokens.
However, this new feature adds community involvement and brings people to explore opportunities within the ecosystem.
After users claim their tokens, they can stake them to obtain vePUFFER tokens, which can then be used to participate in governance. This new approach allows the token holders to have a say in things within projects while offering a chance to make even more.
Trading and Exchange Listings
Multiple centralized exchanges (CEX) now support trading of Puffer tokens, as Bitget leads in trading volume. Other exchanges facilitating trades include Gate.io, KuCoin, and HashKey Global.
In addition, PUFFER currently only trades with the stablecoin Tether (USDT). This pairing helps to increase liquidity, giving investors easier access to the market. More trading pairs are yet to come as the token is still gaining traction.
Another token that experienced a price surge after being listed on major exchanges is the newly launched EIGEN token.
Puffer Finance currently has its Total Value Locked at $1.415 billion in TVL, which shows immense investor confidence. As per DeFiLlama, TVL ranking PUFFER comes at the 24th position.
Despite that, Puffer Finance raised $23 million, showing how interested and committed the project remains.
However, despite some variance, the TVL has been holding steady around the 1.4 billion dollar point. This stability represents that even while future capital inflows could increase, existing investments are being kept up. Traders and investors continue flocking to Puffer, drawn by its commitment to sustainability.
