In just two days, the price of the new Pandora token soared, resulting in a trader earning approximately $1.2 million. This caught the attention of analysts at Lookonchain.
On February 4, a user bought 154 Pandora with 97,484 USDT at a price of $633 per token. After the price of Pandora reached $7,548, the user sold 25 tokens for 188,695 USDT, making a profit of 91,211 USDT.
The trader currently holds 129 Pandora, valued at $1.1 million. As of now, Pandora’s price stands at $7,300 with a daily increase of approximately 300%, according to CoinGecko.
Pandora is the first token to be released based on the experimental ERC-404 standard, which combines features of ERC-20 and ERC-721 with its own liquidity and fractionation capabilities.
However, the standard has not yet been fully externally audited and its code can be found on GitHub.
