🚨 𝗪𝗵𝘆 𝗗𝗼𝗱𝗼 𝗣𝘂𝗺𝗽𝗲𝗱 60% 𝗟𝗮𝘀𝘁 7 𝗗𝗮𝘆𝘀 🚨
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Dodo is one of the biggest gainers in last 7 Days. It's gained +60% in last week. But what caused the sudden price rise and hype? let's uncover...
> With the launch of DODOchain. The hype been created and people showed it in price charts. The team told it will transform into the core exchange on DODOchain, supported by advanced technologies such as Arbitrum, EigenLayer, and AltLayer.
This strategic development will further enrich the trading experience, provide more incentives, and solidify DODO's position in the decentralized finance space. Furthermore, $DODO will also launch a platform for issuing and trading Meme coins.
> Recently their memecoins creator launchpad also live and it got very good traction. People can easily launch their memecoins there without any technological complexities. That itself was a great sign to attract peoples interest.
Memecoins are one of the biggest Meta here and the launchpad news came out as a boon for DODOchain. Their trading volumes up on Dex and the effect clearly visible on the price chart.
> Another possible reason should be Binance Labs involvement. Suddenly the market been very interested towards Binance Labs backed project. DODO's investors include Binance Labs, Pantera Capital, Galaxy Digital, IOSG Ventures, LongHash Ventures, and more.
> With the launch of DODOchain, the utility of the DODO token has greatly expanded, particularly in the area of staking. Token holders can now engage more directly with the platform and benefit from its growth by using DODO for staking, which yields fundamental staking rewards.
> While the aforementioned developments have been instrumental in driving Dodo's recent price surge, it is important to note that other factors may have also played a role. These could include broader market trends, increased media attention, and growing community support for the Dodo project.
