In a shocking turn of events that has left experts scratching their heads and investors rejoicing, Humanity, a decentralized biometric and identity data platform, has defied the current market slump with a whopping 40% price surge in the last 24 hours π€―. It’s like the token is saying, “Market downturn? What market downturn?” π
While most altcoins were busy taking a nosedive amid Bitcoin‘s slip from its lofty highs of $110k on Friday, Humanity’s native token was busy mooning, much to the delight of its holders π. The token’s price surged from lows of $0.072 to above $0.108, leaving many to wonder what’s behind this sudden and unexpected rise π€.
It’s worth noting that Bitcoin’s losses came amid a massive 80,000 Bitcoin transfer by wallets that had stayed dormant for over 14 years, which is like the crypto equivalent of a zombie apocalypse π§ . This led to Ethereum, XRP, and Solana, among other top digital assets, retreating to support levels π.
However, Humanity’s token was unfazed by the chaos, with its daily gains accompanied by a 74% spike in trading volume to over $481 million π. This extended the cryptocurrency’s weekly rally to over 400%, leaving many to wonder if this is the start of something big π.
The Plot Thickens
So, what’s behind Humanity’s sudden and unexpected rise? π€ Well, it turns out that there are several catalysts at play here π€.
One key driver is the launch of Humanity trading pairs against the Korean won, with South Korea-based crypto exchange Bithumb adding the H/KRW pair on Thursday π. This listing has led to a surge in the token’s price, largely due to the significant retail demand that often accompanies listings on Korean exchanges ποΈ.
$H is coming to @BithumbOfficial later today! ποΈ
β Humanity Protocol γ ποΈ β¦ πΊπ³ γ (@Humanityprot) July 3, 2025
Market data shows that the H/KRW pair has seen over $46 million in 24-hour volume on Bithumb, which is comparable to those recorded on some of the platforms offering Tether (USDT) pairs π. This is a significant development, as it indicates a strong demand for the token in the Korean market π.
Humanity launched its token in June and has benefited from market activity around its listing on top exchanges such as Bybit, MEXC, Bitget, and Cypto.com Exchange π. The token is also available for perpetual futures, which has added to its appeal π€©.
In January 2025, Humanity secured a $20 million funding round at a $1.1 billion valuation, led by Pantera Capital and Jump Crypto πΈ. The blockchain project has formed partnerships with companies including Kaito and Nasdaq-listed Prenetics, and has stated that the funds will be used to advance its decentralized identity solution π.
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2025-07-04 22:57