SNL (Snow Leopard) rose 3368.70% in 24 hours

Gate News Bot news, August 1, according to CoinMarketCap data, as of the time of writing, SNL (Snow Leopard) is currently priced at $0.0000002034, with a 24-hour pump of 3368.70%, peaking at $0.0000006279 and dipping to $0.0000000039. The 24-hour volume reached $107,300. Current market capitalization data is not available.

Snow Leopard (SNL) is a cryptocurrency that combines meme culture with practicality. Its features include multi-chain availability (supporting Ethereum and Base), deflationary token economics, holder reward mechanisms, and automatic liquidity pools. SNL also plans to launch Visa/Mastercard crypto cards, allowing users to exchange tokens for cash at ATMs worldwide. The project is led by a Romanian team, including chief developer Alexandru Dumitrescu, marketing manager Maria Stoica, and operations expert Vlad Georgescu. The total supply of SNL is 48 trillion tokens, of which 90.02% is allocated for private placement.

Important news about SNL recently:

1️⃣ Cross-chain architecture enhances project adaptability

The multi-chain availability strategy of Snow Leopard demonstrates its keen grasp of market demand. Supporting Ethereum and Base not only expands the potential user base for SN but also provides broader application scenarios and liquidity channels for the token, which may be one of the important factors driving the significant rise in SN's price.

2️⃣ Deflationary mechanism and holder rewards attract investors

The deflationary token economics model adopted by SNL, combined with the holder reward mechanism, provides potential value growth opportunities for long-term investors. This design helps to reduce the circulating supply of tokens in the market while incentivizing users to hold for the long term, which may be the intrinsic driving force supporting the strong rise in SNL prices.

3️⃣ The cryptocurrency payment card plan demonstrates practical value

The Visa/Mastercard crypto card feature launched by the Snow Leopard project will greatly enhance the practicality and convenience of SNL. The ability for users to exchange tokens for cash at ATMs worldwide paves the way for SNL's application in everyday payments, a prospect that may have fueled investor enthusiasm and driven the surge in token value.

From a technical perspective, the 24-hour volume of SN reached $107,300, reflecting the market's growing interest in this token. However, considering its total supply of up to 4.8 trillion tokens, with 90.02% allocated for private placement, investors should closely monitor the token distribution and unlocking plans to assess potential supply pressure.

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