H (Humanity Protocol) decreased by 25.27% in 24 hours

Gate News Bot Report, November 7th, according to CoinMarketCap data, as of press time, Humanity Protocol (H) is priced at $0.12, down 25.27% in the past 24 hours, with a high of $0.35 and a low of $0.11. The current market capitalization is approximately $255 million, a decrease of about $86.39 million from yesterday.

Humanity Protocol is a decentralized identity blockchain platform aimed at providing secure and reliable identity verification services.

Recent important news about H:

1️⃣ Major institutional investors actively participate in the HYPE ecosystem Cryptocurrency investment firm Paradigm currently holds over 19.14 million HYPE tokens, valued at approximately $763 million, making it the largest holder of HYPE. Paradigm owns 1.91% of the total HYPE supply and 5.73% of the circulating supply, distributed across 19 addresses. This indicates institutional confidence in the HYPE ecosystem, which could positively impact the long-term value of the H token.

2️⃣ Large USDC deposits and HYPE purchasing activity A significant crypto wallet deposited $14 million USDC stablecoins into the HyperLiquid platform and began spot buying HYPE tokens. This large influx of funds and purchasing activity may directly influence HYPE’s price and liquidity, thereby affecting the related H token.

3️⃣ Overall strength in the privacy token sector The privacy token market has recently shown strong upward momentum, with several major privacy tokens experiencing significant weekly gains. As a decentralized identity verification platform, Humanity Protocol has some connection to privacy protection. The overall strength of the privacy sector may attract investor attention to related projects, indirectly impacting the market performance of H token.

From a technical perspective, H token may experience a short-term rebound after a sharp decline. However, considering the volatility of the overall cryptocurrency market, investors should remain cautious and watch for potential downside risks.

This message is not investment advice; please be aware of market volatility risks.