Top ERC-404 Tokens Like Pandora & DeFrogs Collapse by 30% after Rapid Surge

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Top ERC-404 Tokens Like Pandora & DeFrogs Collapse by 30% after Rapid Surge

Over the last 24 hours, the ERC-404 sector has witnessed a complete meltdown, dropping by a staggering 33%. The total market cap of the ERC-404 sector tanked as low as $163 million earlier today, as per data from CoinGecko.

Pandora, a widely recognized ERC-404 token, recorded a price decline exceeding 24% during the same timeframe. Similarly, other ERC-404 tokens, such as DeFrogs and Rug also saw notable drops, registering decreases of approximately 26% and 30%, respectively.

ERC-404 stands as an experimental and unofficial token standard within the Ethereum ecosystem. It incorporates features from both ERC-20 and ERC-721 standards. As of now, it remains outside the Ethereum Improvement Proposals (EIP) standard category. The primary aim behind this fusion is to facilitate the creation of “semi-fungible” tokens.

ERC-404 tokens offer unprecedented flexibility, allowing them to accommodate diverse asset types and applications. This fusion enhances token interoperability, paving the way for innovative token economy models and applications.

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Top ERC-404 Tokens Like Pandora & DeFrogs Collapse by 30% after Rapid Surge