The Founder of Altcoin Purchased in a Token that Dropped 55% in 2 Weeks! - Coin Bulletin

The founder of Particle Network, 0xpengyu, acquired an additional 13.16 million PARTI tokens. The average purchase price is $0.246.

Particle Network, which aims to facilitate cross-chain transitions in the Web3 space with Layer-1 solutions, is in the news due to a significant purchase by its founder. According to the on-chain analysis platform Lookonchain, founder 0xpengyu purchased 13.16 million PARTI tokens at an average price of $0.246. This transaction represents an investment of approximately $3.2 million.

It drew attention that purchases were made while the price was falling.

The acquisition of the founder coincided with a period when the PARTI price was at $0.185. The token had reached an all-time high of $0.4124 on March 25. However, in recent days, the price has dropped by over 55%, falling to around $0.18.

This move is interpreted as a positive signal for investors, indicating that internal confidence in the project remains strong.

Particle Network draws attention with its "Universal Account" architecture that allows users to operate with a single wallet and balance across all chains. This structure aims to facilitate cross-chain experiences on Web3, targeting the mass adoption of blockchain.