#BTRFLY - Could it be stronger after rebranding?
$BTRFLY is gaining attention from Smart Money, as it ranks in the top 5 of the buy list in the last 24 hours.
In the last 7hrs, wallet 0x32D01 aka @justabazooka (win rate 83.3%) bought 281.79 $BTRFLY ($90,847) in the price range of $318 - $332.
On the other hand, wallet 0x88bf aka addergebroed.eth (win rate 46%) bought 100 $BTRFLY ($33,189) at $330 in the last 5 hours. Subsequently, Addergebored transferred the entire $BTRFLY amount to wallet 0x1b1a.
Currently, wallet 0x1b1a as considered a storage wallet as it holds 600 $BTRFLY ($195.86K).
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According to the article by @Viiespax, the rebranding of Redacted Protocol to Dinero Protocol on May 31st aims to simplify the brand and improve user adoption. OlympusDAO initially inspired Redacted Cartel and has accumulated various tokens. In the current phase (v2), $BTRFLY is used for governance and rewards, supporting products like Hidden Hand and Pirex.
The rebranding will involve the conversion of the governance token from $BTRFLY to $DINERO at a new ratio, to simplify adoption and increase availability on various platforms. The rebranding focuses on promoting a single product under the Dinero brand
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In the long run, do you think $BTRFLY has potential?
