#XCH

Core analysis of reasons for the increase:

On April 14, Chia Network announced that it had confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed initial public offering (IPO) of its common stock. The size and price range of the proposed offering have not yet been determined. The IPO is expected to begin after the SEC completes its review process, subject to market and other conditions.

As the largest hard drive mining project in the past, if Chia Network successfully raises funds to go public through a public offering this time, it will be a big plus for XCH. Although judging from the historical performance of Chia Network, the probability of a successful listing is very low, but it is still worth looking forward to.