1kx Sells Rocket Pool worth $2.38M in RPL After 28% Price Surge

Quick Summary:

1kx, crypto investment firm recently sold 203,319 RPL tokens worth $2.38 million, following a 28% price surge that occurred after the launch of RPL perpetual contracts on Binance on September 9, 2024.

The sale comes almost three years after 1kx made its initial investment in Rocket Pool, a decentralized staking protocol.

As Ethereum continues to transition to a fully proof-of-stake network, the demand for decentralized staking solutions like Rocket Pool is expected to grow.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: 1kx Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 02:08:34 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 954 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22441163

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Official Website: bitcoinworld.co.in

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