INSP (Inspect) 24-hour pump 13.19%

Gate News Bot news, on August 19, according to CoinMarketCap data, INSP (Inspect) is currently priced at 0.04 USD, with a rise of 13.19% in the last 24 hours, reaching a high of 0.04 USD and a low of 0.03 USD. The current market capitalization is approximately 20.5 million USD, an increase of 2.39 million USD compared to yesterday.

Inspect is Bittensor's Layer 2 solution, designed to provide institutional-grade infrastructure for a decentralized intelligent network valued at over $2 billion. Inspect offers a powerful product suite, including TAO native yield and leverage protocol TaoFlow, collective TAO mining pool Substrike, institutional-grade DeFi access TwTAO connecting Ethereum and Solana to Bittensor, and a browser extension X-Layer that provides real-time Bittensor data for Twitter. As the only DeFi layer specifically built within the Bittensor ecosystem, Inspect plays an indispensable role in unlocking liquidity, mining, and practical availability as Bittensor expands towards mainstream adoption.

Recent important news about INSP:

1️⃣ Large investors continue to increase their holdings An important investor (addresses 0x436F and 0x2DDf) has been continuously increasing their INSP holdings, and now holds a total of 109.56 million INSP, valued at approximately 3.98 million USD. This holding represents 10.96% of the total supply of INSP, demonstrating the investor's strong confidence in the INSP project, which may become an important factor in driving the INSP price rise.

2️⃣ Token holding concentration increases Two addresses cumulatively hold 103.14 million INSP, accounting for 10.31% of the total supply. This increase in holding concentration may lead to intensified market volatility while also reflecting the optimism of some investors regarding the long-term development prospects of INSP. High concentration may affect the liquidity of the tokens, which in turn could impact price trends.

3️⃣ Market attention has significantly increased With the continuous accumulation by large investors, the attention on INSP in the cryptocurrency market has significantly increased. This rise in attention is directly reflected in its price performance and is an important driving force behind the recent pump in INSP prices.

From a technical perspective, the price of INSP has risen significantly in the short term, and it may face the risk of a correction. Investors should closely monitor the development of the Bittensor network and the actual application of INSP in the DeFi sector, as these factors will have an important impact on the long-term value of INSP.

This message is not intended as investment advice; investors should be aware of market volatility risks.