io.net

Launchpool

Drops

IO.net, a Solana-based DePIN platform, saw a significant price decline following its recent launch as the 55th Binance Launchpool project.&nbsp; 
The IO price fell around 22% following its market launch, trading as low as $3.49 dropping from $4.54, as per the <a href="https://coinmarketcap.com/currencies/io-net/" target="_blank" rel="noreferrer noopener nofollow">data</a> of CoinMarketCap. The initial euphoria around the introduction was immediately replaced by a dramatic decrease in value, indicating investor fears and market volatility. 
<div class="wp-block-image"> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcIFith-zHwxKs_oRo2hJ5xYm4CNczxshKNc6j1P92HHPNrtC4Bd8-JBqTBcYIr7WXQk-vvjGWGLgvR6jzScVlhOc3l_ilUT83WxIgCTM4goNzjELUsC5Wj2G-PGyRNGGti9XmWN22tTFBb7_tlPYJSmOM?key=mPLpeHGu_KHRumRKhTigig" alt="IO price Drop, Source: CoinMarketCap">
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 IO price Drop, Source: CoinMarketCap
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The token’s market cap has also decreased and reached $328 billion substantially, highlighting the broader impact of the price drop on investor sentiment and overall market perception. This decline indicates that the anticipated positive momentum from the Binance listing did not materialize as planned. 
Ahmad Shadid resigned as <a href="https://www.cryptotimes.io/2024/06/10/io-net-replaces-ceo-ahead-of-binance-launchpad-token-launch/" target="_blank" rel="noreferrer noopener">CEO ahead of the IO token’s launch</a> on the world’s largest cryptocurrency exchange by volume. In his place, the initiative named Tory Green, a co-founder and previous COO. 
Investors are advised to conduct their own research before making any decisions, as the crypto market remains highly unpredictable and influenced by a range of factors.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/05/solana-backed-ai-depin-io-net-launches-its-io-summit-keynote/" target="_blank" rel="noreferrer noopener">Solana Backed AI DePIN io.net Launches Its IO Summit Keynote</a> 
</blockquote>

IO.net Price Drops After Launch on Binance Launchpool

The Crypto Times

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