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[From Alpha Report Apr 16, section 3.2]
$TRUF - Token needs to be identified as #RWATokens backed by #Coinbase and #Chainlink
1. Brief about the Project
- Truflation is a leading DRP (definite reference point protocol) for economic truth that is powering the tokenization of RWA with its independent, transparent, and real-time financial data.
- Truflation can be used to predict models for major US macro indicators, which can sometimes impact the price of Bitcoin.
- Truflation plays a significant role in data and operates in various fields. Keeping track of $TRUF's roadmap is essential.
- Backed by Coinbase, Base, Modular Capital, Laser Digital. Brian Armstrong (Co-founder & CEO of Coinbase) has praised and expressed trust in Truflation.
→ Based on what they currently do, this token may fall into categories such as DeFi, AI, RWA, #DePIN , Web3.
- It is not yet clearly identified on CMC due to being a new token (listed on some CEX exchanges like Kucoin, Gate.io, MEXC on Apr 9).
If you are a fundamental project analyst, this is the time to evaluate this project.
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2. Regarding Trading from Smart DEX Traders
- They were buying at listing prices around the range of 0.1-0.15 and gradual selling as the token price rises to 0.5-0.6.
- Market volatility has not significantly affected the price of $TRUF, which has been fluctuating around 0.55.
- Today, 3 Smart DEX Traders wallets purchased over $250K worth of TRUF. The current total balance of this portfolio is 438.2K TRUF, equivalent to $341.8K.
- Although it is a new token, transaction values have sometimes reached $200K per transaction. The current market cap is ~$730M.
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Disclaimer: This is not investment advice. Research and capital management are encouraged.
