The post DMT and THL up by double digits appeared on BitcoinEthereumNews.com.

Amidst the slumpy market conditions, StakeLayer has surged by over 250% alongside Thala, Dream Machine Token, which surged by double digits. The crypto market cap has dropped by over 1.5% in the last 24 hours. As per CoinMarketCap data, it currently stands at $2.17 trillion. Bitcoin (BTC) is bleeding alongside Ethereum (ETH) in single digits. However, the Stakelayer token is up by over 250% during the same period. Stakelayer market cap eyes $50 million with the pump Data from CoinGecko reveals interesting price movement for the cross-chain staking and restaking platform’s token. The token has pumped from a 24 hour low of $0.00344 to a high of $0.001489. Chart taken from CoinGecko The rally has however cooled down as the token is trading at $0.01299 at press time. StakeLayer also touched an all time high today and is down by over 27% from that high. The token has also earned its spot as the largest gainer on CoinGecko in the last 24 hours. A look at their X account reveals that the team had announced a buyback and burn initiative, which could be one reason for its price surge. 🚨 Announcing that Buyback and Burn Initiative has Begun, with $STAKELAYER surging over +350% in just 24 hours! 📈 At StakeLayer, we are committed to building long-term value and stability. Stay tuned as we continue to deliver on our vision and strengthen the ecosystem! 💪🌐 pic.twitter.com/Xb3QqlrayT — StakeLayer (@StakeLayerIO) October 13, 2024 Thala and Dream Machine Token surge double digits Interestingly, during the same timeframe, Thala (THL) and Dream Machine Token (DMT) surged by double digits. As per CoinGecko data, THL price is up by over 18.5%, while DMT has pumped by 20%. Even though the exact reason for the surge in DMT’s price is unclear, THL’s price surge can be…

---

Filed under: News - @ October 13, 2024 8:55 pm