PORTAL Token Soars 85% as Monad Foundation Acquisition and CEO Appointment Fuel Trading Frenzy

Portal (PORTALUSDT) experienced a significant price surge of approximately 85.57% over the past 24 hours, with the current price on Binance at $0.0759 and a 24-hour trading volume exceeding $171 million. The sharp increase in price and trading activity can be attributed to recent positive developments, notably the announcement of Monad Foundation’s acquisition of Portal Labs to strengthen its payments ecosystem, and the appointment of Portal's CEO as Head of Payments and Stablecoins at Monad. These strategic moves, along with previous integrations and strong investor backing, have heightened market interest and contributed to the rapid price appreciation.

The market currently reflects strong momentum, with PORTALUSDT trading at $0.0759 on Binance, up from a 24-hour low of $0.0409, and supported by high trading volumes and increased attention from both retail and institutional participants.