14:00 UTC — 22:00 Ha Noi

$MITO

TLDR

1. Listing on a major exchange: The key factor driving MITO's recent 131.50% price surge is that this token is about to be listed for spot trading on a major exchange, which is expected to increase liquidity and market access.

2. Airdrop & Initial profits: HODLer Airdrops and previous Token Generation Event (TGE) at $0.02 have generated significant unrealized profits for early participants, contributing to current price volatility.

3. Post-listing warning: Despite positive factors, the community expresses concerns about potential price volatility and profit-taking after listing due to the significant price increase beforehand.

Positive

1. Listing on the exchange: MITO is set to enhance access and liquidity with the launch of spot trading on a major exchange on 2025-08-29 15:30 UTC. This event is a key catalyst aimed at attracting more retail investors and potentially sustaining positive price momentum.

2. HODLer Airdrop program: The HODLer Airdrop program is ongoing, distributing 15 million MITO tokens, encouraging participation and holding of the exchange's native token. This could create stable demand and sustained interest from a large number of users in MITO.

3. Previous price performance: Reports from the Alpha market indicate that MITO previously increased by 100% (doubled) before major listings, showing a trend of strong volatility around important announcements. This indicates potential for further price increases if positive sentiment is maintained.

Risk

1. Post-listing volatility: Community discussions warn about the potential for price corrections after a first listing on a major exchange. With MITO having increased by 131.50% in 24 hours and some profit estimates from 10-30x for early investors, profit-taking is anticipated.

2. Sell-off from early investors: The Token Generation Event (TGE) price was $0.02 per token, and estimated costs for institutional investors were around $0.08. The current price of $0.29 provides substantial profits for early participants, increasing the likelihood of large-scale sell-offs after listing.

3. Concerns about market makers: Some community members are skeptical about the project's pricing strategy and the role of market makers, noting the disparity between the TGE price and the current market price, as well as observing that the project seems 'unstructured' at lower valuations.

Crowd sentiment

1. Mixed sentiment: Community sentiment towards MITO is quite varied, reflecting excitement about the upcoming major listing and significant profits from participating in the TGE, but there are also many concerns about the potential for a sharp price decline after listing and early investors taking profits.

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