The token for Measurable AI, a decentralized data exchange ecosystem, lost more than 40% of its value a day after a report praised its 117% rise on a weekly scale.
Measurable Data Token (MDT), the native token of the Measurable ecosystem, lost almost half of the value it gained over the week in just one day. As of press time, MDT was down 41% to $0.063, according to data from CoinGecko.
The crash comes shortly after a report praised the token’s 117% weekly growth. However, amid the surge, analysts have noted that whales have started depositing millions of MDT tokens into centralized exchanges, indicating that a price drop is expected.
According to Spot on Chain’s However, it is unclear whether the recent dump is a result of DWF Labs’ token movement.
Measurable describes itself as a decentralized data exchange ecosystem built on the Ethereum network that allows users to monetize their data. The ecosystem powers MDT tokens, which users can earn by sharing anonymized data with data buyers. Data buyers can then access this data to gain valuable insights for market research, consumer behavior analysis, and other purposes.