ChainCatcher news, according to market data from RootData, the Loom Network token (LOOM) has increased by 124% in the last 24 hours, currently priced at $0.024.According to the Web3 asset data platform RootData, Loom Network is a platform-as-a-service (PaaS) blockchain solution that supports sidechain development for Ethereum-based applications.

ChainCatcher news, the South Korean cryptocurrency exchanges Upbit and Bithumb have both announced that they will soon terminate trading of Loom Network (LOOM). The official statement indicates that Loom Network (LOOM) has been removed from the DAXA (Korea Digital Asset Exchange Association) members.After a comprehensive review of the foundation's public disclosures and the authenticity and sustainability of the business, it was decided to terminate trading support because LOOM does not meet the standards for maintaining trading support.The termination date and time for trading (buy/sell) is temporarily set for May 7, 2025 (Wednesday) at 15:00.

ChainCatcher news, according to The Data Nerd monitoring, about 14 hours ago, the address 0x1cc associated with the Loom Network team deposited 3.8 million LOOM (approximately 1.19 million USD) to Upbit at a price of 0.31 USD.

ChainCatcher news, according to The Data Nerd monitoring, 2 hours ago, a wallet related to the Loom Network team, 0x07f, deposited 7.154 million LOOM (worth approximately 2.03 million USD) to Binance at an average price of 0.283 USD. Notably, the price of LOOM has increased by 542% over the past month.