SQD (Subsquid) rose 41.66% in the last 24 hours.

Gate News Bot message, on October 10, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at 0.25 USD, with a pump of 41.66% in the last 24 hours, reaching a high of 0.27 USD and a low of 0.15 USD. The current market capitalization is approximately 213 million USD, an increase of 62.6 million USD compared to yesterday.

Subsquid is an open data lake network designed for AI agents. It allows anyone, AI agents, or enterprises to access PB-level data with the $SQD token without permission. $SQD aims to incentivize enthusiasts, developers, and institutions to participate through an innovative reward system. The network includes a deflationary mechanism, revenue capture, and a sustainable rewards system for node operators and delegators.

Important news about SQD recently:

1️⃣ Nasdaq-listed company acquires Subsquid The US Nasdaq-listed company Rezolve Ai announced the acquisition of Subsquid, a strategic move that is expected to bring more resources and development opportunities to the Subsquid project. Although the specific acquisition amount has not been disclosed, this move will undoubtedly enhance Subsquid's competitiveness and market position in the blockchain data field.

2️⃣ Rezolve Ai commits to purchasing SQD tokens As part of the acquisition plan, Rezolve Ai announced it will purchase SQD tokens. This decision may increase the demand for SQD tokens, thereby positively impacting its price. The company has committed to acquiring SQD tokens into its treasury every year, and this ongoing purchasing behavior may provide long-term support for the price of SQD tokens.

3️⃣ Potential Brand Revitalization Rezolve Ai stated that after obtaining approval from regulatory agencies and exchanges, the company will consider rebranding. This move could further enhance the brand awareness of Subsquid and potentially attract more investors' attention to the SQD token.

From a technical perspective, the SQD token has experienced a significant price rise in the past 24 hours, which may be partly attributed to the aforementioned news. However, investors should be aware that the cryptocurrency market is highly volatile, and a substantial rise in a single day may be followed by a correction.

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