PMX (Primex Finance) has pumped 724.92% in the last 24 hours.

Gate News Bot news, August 12, according to CoinMarketCap data, as of the time of writing, PMX (Primex Finance) is currently priced at 0.10 USD, with a rise of 724.92% in the last 24 hours, reaching a high of 0.14 USD and a low of 0.001 USD. The current market capitalization is approximately 7.21 million USD, an increase of 6.33 million USD compared to yesterday.

Primex Finance is a non-custodial Prime Brokerage protocol that offers leveraged trading on decentralized exchanges, featuring automated functionalities similar to centralized exchanges, zero interface swap fees, and access through social accounts. The protocol also provides a liquidity mining program, allowing users to earn returns of up to 100% APR by staking PMX tokens on the Base network. Primex has also launched a rewards program, reserving 30 million PMX tokens for user activities.

Important news about PMX recently:

1️⃣ Primex Finance announces PMX token sale and future centralized exchange listing plans Primex Finance officially announced the sales plan for the PMX token and revealed intentions for future listings on centralized exchanges. This news reflects the project's emphasis on the liquidity of the PMX token and may be one of the important factors leading to the recent significant rise in price.

2️⃣ DeFi platform Primex Finance ends Beta testing and prepares to enter a new phase Primex Finance has completed its Beta testing phase and is preparing for the next stage of development. This indicates that the project is progressing steadily and may bring new features and improvements, enhancing investors' confidence in the project's prospects.

3️⃣ PMX token offers up to 100% APR staking rewards on the Base network Primex Finance has launched a liquidity mining program on the Base network, where users can stake PMX tokens to earn up to 100% APR. This high-yield program may attract a large number of investors to participate, driving an increase in demand for PMX tokens.

From a technical perspective, PMX has experienced significant price fluctuations in a short period, soaring from a low of $0.001 to a high of $0.14, before retreating to $0.10. This dramatic price movement indicates a sharp increase in market interest for PMX, but it also reflects a high level of speculation and potential risk.

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