The price of io.net (IO) fell by 20% on Binance launch Io.ne

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The price of io.net (IO) fell by 20% on Binance launch Io.net token launches on Binance io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that seeks to offer AI computing as a currency. IO token powers this ecosystem, where users benefit from vast resources in terms of computing power. The protocol achieves this by pooling GPUs across multiple storage providers, with the GPU power providers receiving profit from the project. After the project debuted on Binance at 12:00 UTC on June 11, the io.net platform is moving to IO Coin payments. With the launch of the token on the Binance cryptocurrency exchange, volatility led to a sharp decline in it. The decentralized artificial intelligence (AI) and cloud platform's native token fell nearly 20% from $4.54 to $3.40 before rising to about $4.01 at the time of writing, CoinMarketCap data showed. The price of I/O fell by approximately 10% per CoinMarketCap, with intraday trading volume reaching $192 million and a market cap of $378 million. io.net CEO exits .

The price of io.net (IO) fell by 20% on Binance launch
Io.net token launches on Binance
io.net is a Solana-based decentralized physical infrastructure network (DePIN) project that seeks to offer AI computing as a currency. IO token powers this ecosystem, where users benefit from vast resources in terms of computing power.
The protocol achieves this by pooling GPUs across multiple storage providers, with the GPU power providers receiving profit from the project. After the project debuted on Binance at 12:00 UTC on June 11, the io.net platform is moving to IO Coin payments.
With the launch of the token on the Binance cryptocurrency exchange, volatility led to a sharp decline in it.
The decentralized artificial intelligence (AI) and cloud platform's native token fell nearly 20% from $4.54 to $3.40 before rising to about $4.01 at the time of writing, CoinMarketCap data showed.
The price of I/O fell by approximately 10% per CoinMarketCap, with intraday trading volume reaching $192 million and a market cap of $378 million.
io.net CEO exits
 .