According to CryptoPotato, since its launch on February 2nd, the unofficial ERC-404 standard Pandora has become the latest hotspot. Within just a week, the fully diluted valuation of this new Ethereum token soared to $320 million, with total trading volume climbing to 73,024 ETH, equivalent to approximately $190 million. Currently, Pandora's price is above $21 thousand dollars per unit and it has fallen by 32% from its historical high point. According to a recent report shared by Nansen and CryptoPotato, there are 1,420 different wallet holders who own at least one complete token. Despite the soaring prices, Pandora holders seem temporarily unwilling to sell their tokens. Out of 5,681 NFTs or complete tokens half are securely held by "diamond hand" wallets that have retained their tokens without selling since initial purchase. This retention rate known as "diamond hands percentage", is quite impressive for a new project according to Nansen's observation. Compared with well-known NFT collections like Pudgy Penguins (with a retention rate of 53%) and Bored Ape Yacht Club (with a retention rate of 44%), Pandora demonstrates strong holding patterns among investors.
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