$GRASS Crypto Price Surges Over 50% After Listing
Grass ( GRASS ) appears to be one of the fastest-growing newly listed tokens outside the meme coin category.
CoinGecko data shows GRASS surged to an all-time high (ATH) of $1.10 shortly after trading began on October 28, following early fluctuations between $0.65 and $0.85.
The all-time low (ATL) of $0.655 means GRASS saw a 59.7% increase from ATL to ATH. Currently, GRASS trades at $1.05.
Is Grass a Promising Project?
Given its recent listing, it’s too early to determine GRASS’s long-term trajectory.
However, GRASS’s strong listing performance suggests positive market reception, especially considering its “most widely distributed airdrop” label.
As part of the Solana (SOL) ecosystem, Grass offers a green approach by allowing users to leverage internet bandwidth to train AI models.
Comparing GRASS to Other Recent Listings
Other projects, such as EigenLayer (EIGEN) and Scroll (SCR), have launched tokens in the past month.
EigenLayer, a liquid restaking protocol, started trading on September 30, reaching an ATH of $4.47 on October 1 before declining by 34.6% to around $2.9.
Scroll, a Layer 2 (L2) solution, launched on October 22 but faced disappointment among airdrop participants.
However, in the latest snapshot, airdrop participants found that they received fewer tokens than expected, with some even incurring losses.
SCR has since dropped 44.9% from its ATH of $1.40 to $0.7.
