Amid a sudden change in market conditions, the CryptoPunt team has decided to postpone the listing of the PUN token on the Uniswap exchange. Trading volume for newly listed coins has recently diminished as interest and activity in large-cap cryptocurrencies experienced an unprecedented spike.
CryptoPunt is a next-generation gaming and gambling Dapp which is designed to radically improve upon incumbent blockchain-based gaming applications. The PUN token was scheduled to list on Uniswap in the second week of May but the team decided to postpone the listing until market conditions are more favorable for CryptoPunt investors and stakeholders.
The decline in trading volume for newly listed coins took place as a euphoria swept investors regarding larger-cap altcoins. Capital and volume transitioned into these coins, causing the market share dominance of Bitcoin to drop below 50% for the first time since 2018.
Capital and volume is anticipated to flow back into newly listed coins in the near-term future. CryptoPunt will closely monitor trading volume and market activity to schedule the listing during favorable market conditions. The timeframe for the new listing is expected to be roughly 2-4 weeks.
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