RVV (Astra Nova) rose 25.50% in 24 hours

Gate News Bot reports, on October 22, according to CoinMarketCap, as of the time of writing, RVV (Astra Nova) is currently priced at 0.01 USD, having risen 25.50% in the last 24 hours, with a peak of 0.03 USD and a low of 0.01 USD. The current market capitalization is approximately 11.6 million USD, an increase of 2.36 million USD compared to yesterday.

Astra Nova is an AI-driven entertainment ecosystem that merges community, storytelling, and gameplay into a next-generation network of creator-driven monetizable experiences. The project aims to provide a platform expanded by AI for creators and players, including multiple products such as TokenPlay.ai, action RPGs, NovaToon, and more.

Important news about RVV recently:

1️⃣ Astra Nova announces buyback plan Astra Nova officially announced on October 19th that it will repurchase an equivalent amount of RVV tokens directly affected by market fluctuations. Following this announcement, the price of RVV rose by more than 11% in a short period, and its market capitalization temporarily rebounded to 12.5 million dollars. This initiative aims to respond to recent market volatility and is expected to enhance investor confidence.

2️⃣ Suspected large-scale sell-off event Around October 19, approximately 860 million RVV (accounting for 8.6% of the total) were transferred out from the project's minting contract and sold on-chain, fetching about 10.288 million USDT. Among them, 8.226 million USDT has been transferred to exchanges like Gate. Although the project party claims it was due to a hacker intrusion, the flow of funds has raised market suspicions. This incident led to significant fluctuations in the price of RVV.

3️⃣ Gate Swap platform supports RVV trading The Gate instant exchange platform has added trading support for RVV on October 18. Users can now exchange with over 2200 cryptocurrencies on the platform with one-click transactions and no fees. This initiative is expected to enhance the liquidity and tradability of RVV.

From a technical perspective, the RVV price has rebounded after a significant drop, with a rise of over 25% in 24 hours. However, considering the recent sell-off events and market skepticism, investors still need to cautiously monitor the project's subsequent developments and market reactions.

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