You can also read this news on COINTURK NEWS: Heroes of Mavia Token Surges as Smart Investor Makes Notable Purchase
Strategic Investor Boosts MAVIA Token Valuation
Heroes of Mavia’s token MAVIA witnessed a remarkable 30% surge in value, hitting $8.59, following a significant purchase by a reputed investor. Currently, MAVIA trades at $7.76, marking a 12.78% increase in the past day, and boasts a market capitalization of $232 million. Since its inception on February 6th, the token has climbed over 170% in price.
The notable price jump came after Spot On Chain, a blockchain data analysis firm, reported a major acquisition of over 12,000 MAVIA tokens valued at $100,000. The purchase, made by an Ethereum wallet recognized for previous lucrative investments, occurred in two separate transactions at an average price of $8.125 per token.
This investment marks the savvy investor’s first foray into MAVIA, enhancing the token’s standing in the market. The investor’s portfolio includes a recent $357,000 gain from MKR and a substantial holding of $16.09 million in ETH. Their proven investment acumen has influenced market perception, generating heightened interest in MAVIA and propelling the token’s price upward by 35%.
Growth Momentum for Gaming Cryptocurrencies
The Heroes of Mavia game, developed by Skrice Studios, is a free-to-play mobile Web3 MMO strategy game where players engage in battles and resource management. MAVIA’s price rise is in tandem with a broader wave of growth among gaming cryptocurrencies, coinciding with Bitcoin‘s recent breakthrough above $50,000.
Moreover, the gaming token ImmutableX (IMX) reached a two-year high, with its valuation surpassing $3. Powering Ethereum-based scalability solutions, IMX’s price has maintained its ascent and, according to CoinGecko, has recorded a 37% increase over the last week, positioning Immutable among the top 25 cryptocurrencies by market cap.