Trading activity shows growing interest
$THE demonstrated remarkable trading activity, with a 24-hour trading volume reaching $608.21 million, increasing by 1344.22% at the time of writing. The market capitalization of the token also grew, reaching $206.17 million, an increase of 357.16%.
The trading chart shows a sharp vertical breakout, demonstrating high demand and risky trading. After peaking at $3.8900, the price fell and is now around $3.34, suggesting possible consolidation as traders assess the token's value after the surge. The sudden price increase of Thena corresponds to its achievements in the crypto industry. One key example is the BNB Chain grant provided to support the development of the THENA ARENA platform. Additionally, crypto analyst Karan Singh Arora noted the airdrop that took place from November 6 to 13, when 21.75 million THE tokens, or 7% of the total supply, were distributed to BNB stakers.
