Hundreds of Trillions of PawSwap (PAW) Staked in Less Than 24 Hours – Will It Impact Price?

PawSwap

Nearly 200 trillion PAW meme tokens have been added to the mainnet for PAW staking in less than 24 hours since it went live.

The mainnet for staking has officially launched, becoming the first significant PAW ecosystem product, according to the official Paw Chain Twitter account. According to the tweet, the team will give the PAW army a report on the audit’s progress over the following four days. However, CertiK has already stated that the PAW code “meets their standards,” so the business is now preoccupied with determining the audit’s final score.

190 trillion PAW staked for 13 weeks, price remains down

After the staking mainnet was launched, Ryboshi Nakamura, the pseudonymous admin of the PAW Discord channel, tweeted that 190 trillion PAW tokens had been staked in total in less than 24 hours for 13 weeks.

He remarked that this is a huge sum compared to the overall supply of PAW and questioned if it may significantly affect the PAW pricing. The future is incredibly exciting, he continued.

If anyone is having trouble staking PAW from their MetaMask or Coinbase wallets on their cellphones, they should use the web browser that is included into their wallets, according to the PAW-focused Twitter account @Dezaxe.

PAW price down in red

According to information provided by CoinMarketCap, the native token of the multi-chain PawSwap DEX is now trading at $0.00000002873. According to the same source, that is a decline of roughly 12% over the previous day.

Since last Wednesday, PAW has fallen precipitously, by this point dropping more than 45% from the $0.0000000546781 level.

The PAW team informed the public about an upcoming listing on the significant Coinstore exchange, as U.Today published a week ago. That had no impact on the coin’s cost either.

The team had previously been in negotiations for seven listings, including three with major centralised exchanges (CEXes) and four with smaller platforms.

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