Whale interest in the Ethereum-based experimental cryptocurrency project Pandora (PANDORA) is growing every day.
According to data from the on-chain analysis platform Lookonchain, 6 whales with 11 different wallets have come under the radar with massive PANDORA purchases.
These whales made a total of 994.4 PANDORA purchases worth $21.5 million from 10th February to 2nd March. None of the 11 wallets have made any PANDORA sales.
Launched in the market on 2nd February and quickly soaring over 10,000%, Pandora has managed to attract all attention as the first of its kind.
Pandora is still based on an experimental token standard called ERC-404, aiming to combine ERC-721 and ERC-20 standards.
When a user owns an ERC-404 token, an NFT is automatically generated for that token. The user can either burn the NFT by selling the token or sell it on a marketplace like OpenSea.
