According to GMGN data cited by BlockBeats on Oct. 2, MASK, a privacy-themed token on Solana, saw its market capitalization rise past $35 million, setting a new all-time high. At the time of the update, its market cap stood at $34.91 million, with a 24-hour gain of more than 70% and trading volume of $2.7 million over the same period. The project uses ZEC as its pool pair and provides liquidity through the ZEC/MASK trading pair. MASK is positioned as a token aimed at offering zero-knowledge, or ZK, privacy services for crypto-related activity. BlockBeats also noted that the token has seen sharp price swings and reminded users to be cautious about investment risk.
MASK, a privacy-themed token on Solana, saw its market capitalization climb above $35 million on Oct. 2, setting a new all-time high, according to GMGN data cited by BlockBeats.
At the time of the report, MASK had a market cap of $34.91 million. The token was up more than 70% over the past 24 hours, while trading volume during the same period reached $2.7 million.
How the token is structured
MASK uses ZEC as its pool pair and provides liquidity through the ZEC/MASK trading pair. The project says it is designed to provide ZK privacy services for crypto activity.
BlockBeats warned that tokens tied to this theme can be highly volatile and said users should be cautious when making investment decisions.
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