DRIFT (Drift) 24-hour pump 35.27%

Gate News Bot news, on July 21, according to CoinMarketCap data, as of the time of writing, DRIFT (Drift) is currently priced at $0.68, rising 35.27% in the last 24 hours, with a high of $0.69 and a low of $0.44. The current market capitalization is approximately $233 million, with an increase of $60.8 million compared to yesterday.

Drift is a decentralized exchange built on the Solana blockchain, offering perpetual contract trading, prediction markets, and automated yield features. The platform aims to provide users with an experience similar to centralized exchanges while maintaining the advantages of decentralization. Drift supports multiple crypto assets as collateral and offers leverage trading of up to 101 times.

Important news about DRIFT recently:

1️⃣ Drift Protocol Launches Prediction Market Feature The Drift protocol in the Solana ecosystem recently launched a prediction market feature, which will provide users with more trading options and investment opportunities. The addition of the prediction market is expected to attract more users to participate in the Drift platform, thereby promoting further development and expansion of its ecosystem.

2️⃣ Successfully completed $25 million financing Drift recently completed a round of financing amounting to $25 million, which will be used for further development and expansion of the platform. This financing indicates that investors have a positive outlook on Drift's development prospects and provides strong financial support for its future technological innovation and market expansion.

3️⃣ DRIFT token successfully issued and airdropped The Drift protocol recently successfully launched its native token DRIFT and conducted an airdrop to community members. This move not only enhances the platform's decentralized governance but also provides early supporters with the opportunity to participate in the platform's development, helping to expand Drift's user base and increase community engagement.

From a technical perspective, the price of DRIFT has seen a significant rise in the short term, reflecting the market's positive sentiment towards the project. However, investors should remain vigilant about potential pullback risks. From a fundamental standpoint, the continuous innovation and development of the Drift protocol within the Solana ecosystem supports its long-term value.

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