OPEN (OpenLedger) has pumped 172.89% in the last 24 hours.

Gate News Bot message, September 09, according to CoinMarketCap data, as of the time of writing, OPEN (OpenLedger) is currently priced at 1.38 USD, having risen 172.89% in the last 24 hours, with a high of 1.85 USD and a low of 0.43 USD. The current market capitalization is approximately 297 million USD, an increase of 188 million USD compared to yesterday. Currently, OPEN ranks 162nd in the global Crypto Assets market capitalization.

OpenLedger is a next-generation blockchain network designed specifically for AI. It aims to provide a trusted infrastructure for AI, making data, models, and agents fluid and composable assets. OpenLedger adopts an EVM-compatible architecture, supporting seamless integration of wallet connections, smart contracts, and L2 ecosystems. The platform also introduces an "attribution proof" mechanism to ensure that all contributions are traceable, verifiable, and fairly rewarded.

Recent important news about OPEN:

1️⃣ The Open Platform became the first Web3 unicorn on Telegram

The Open Platform recently completed a $28.5 million Series A financing round, achieving a valuation of $1 billion, becoming the first Web3 unicorn in the Telegram ecosystem. This marks a high recognition from the market for Web3 projects based on Telegram and may stimulate investor interest in OP.

2️⃣ OpenAI plans to release a new open-source language model

OpenAI has announced the upcoming release of its first open-source language model, marking a significant move since GPT-2. As a blockchain project focused on AI infrastructure, OpenLedger may benefit from this trend, as the popularity of open-source AI models could increase demand for its platform.

3️⃣ Ethereum Foundation suspends open grant program

The Ethereum Foundation recently announced the suspension of its open grant program, shifting towards a more strategic approach to fund allocation. This decision could indirectly affect investors' perceptions of EVM-compatible projects, and related ecosystems, including OpenLedger, might gain more attention as a result.

From a technical perspective, the significant rise of OP is accompanied by a noticeable increase in trading volume, indicating that market interest in this project is rapidly rising. However, such intense price fluctuations may also trigger short-term pullback risks, and investors should remain vigilant.

This message is not an investment advice. Investment should be mindful of market volatility risks.