Public information shows that Nina Rong, growth executive director at BNB Chain, recently followed the official account of Brew, a newly launched token issuance platform on BSC. The move appeared to coincide with a sharp rally in BREW, the platform’s token, which rose more than 80% in a single day and was last valued at a $26.18 million market capitalization. Brew supports paired token issuance using meme coins, altcoins and stock tokens as liquidity pools. According to the report, BREW has been highly volatile since going live on Sept. 7, at one point dropping below a $4 million market cap before rebounding. The report also noted that related token prices have seen large swings and carry significant uncertainty, with users urged to stay cautious.
According to ChainCatcher, public information shows that Nina Rong, growth executive director at BNB Chain, recently followed the official account of Brew, a newly launched issuance platform on BSC.
The development appeared to have an impact on trading. Brew’s platform token, BREW, rose more than 80% in a single day, with its market capitalization currently at $26.18 million.
Brew supports paired token issuance using meme coins, altcoins and stock tokens as liquidity pools.
The token has seen sharp swings since its Sept. 7 launch. It at one point fell below a $4 million market cap. ChainCatcher said related token prices remain highly volatile and carry significant uncertainty, and users should be cautious when investing.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
