PORTAL Token Surges 52% After Monad Acquisition, $276M Volume Signals Strong Web3 Gaming Momentum

PORTALUSDT experienced a significant price increase of 52.18% over the last 24 hours, rising from 0.0435 to 0.0662 USDT, with trading volumes reaching approximately $276.66 million. The sharp price movement is attributed to heightened market activity driven by active discussions in trading communities and recent news of Monad’s acquisition of Portal Labs, which is expected to enhance stablecoin payment capabilities within the Portal ecosystem. Technical analysis from Binance Square noted both bearish and bullish signals, with a strong bounce from recent lows and potential for further upward momentum if resistance levels are breached. Portal’s circulating supply is reported at around 572.5 million, with a market cap near $39.62 million, and the project continues to focus on building a unified Web3 gaming ecosystem.