$PAW shows 40% weekly surge as the PawChain team keeps working on the PAW ecosystem. PawSwap RyboshiNakamura
and Paw Chain) over the past seven days. PawSwap decentralized exchange is expected to launch in late 2023-early 2014 with several changes integrated on it, including BNB Chain, Shibarium and Ethereum.PAW is changing hands at $0.00000001976, according to CoinMarketCap, with a weekly rise of around 33% at the time of this writing.
Nakamura believes this large price growth is mainly due to the staking mechanism of PAW tokens launched at the end of April. Back then, on May 1, more than 200 trillion PAW were locked in the staking contract within merely 24 hours. They were staked for 13 weeks. Now, according to Nakamura's tweet, about 20% of the whole PAW supply has been staked. Staking puts coins temporarily out of circulation, increasing their scarcity.
Nakamura tweeted"to the moooon" as he, apparently, expects the price to rise even higher in the near future.Add the staking mechanism and
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