Last week we noticed that the price of fida rose and dropped significantly. this fluctuation can be attributed to several factors. the first is the recent token unlock. token unlock refers to the ending of a token lock period, allowing investors and project teams to sell or trade their tokens. last week, multiple projects experienced token unlocks, including fida, which resulted in a large number of tokens being released into the market, causing the price to drop!


however, another possible reason for the price drop was the launch of the fida perpetual contract on binance futures. this contract allows users to open long or short positions on the token with a maximum leverage of 75 times, which is much higher than the previous investment methods. although a contract launch can boost trading volume and attract a large number of investors, it also makes the project more vulnerable to speculative activities!


in addition, the recent acquisition of fida by various organizations has also attracted attention and affected the price. according to recent reports, major institutions and network organizations have invested in fida, which has led to increased demand for the token but also intensified volatility!


currently, the price of fida is recovering gradually, but the future price direction remains to be observed. it remains to be seen whether the fida project can stabilize the token price and win the confidence of investors!


finally, fida is not an ordinary altcoin, it represents the marketing floor of solana. also, many on-chain data of fida can see the potential future development of on-chain traffic. the sns is just the beginning! this is just a warm-up!