PUMLx Surges Following Swap Feature; LUNA Crashes Again Upon Do Kwon’s Arrest

Daily Hot Token  — PUML Better Health (PUMLx)

Thursday ended on a positive note as U.S stock markets bounced back from the previous days’ losses. Meanwhile, the broader cryptocurrency market followed in tandem, with Bitcoin and Ether up by 3.08% and 4.21% respectively in the past 24 hours as of the time of writing. The hot token for today is PUMLx, which has gained 22.3% in the past 24 hours.

PUMLx is the token of PUML Better Health — a web3 fitness, health and wellness application designed to reward its users for completing fitness challenges. The Move to Earn application aims to leverage the power of gamification to empower users to live a healthy lifestyle through virtual challenges and communities that seamlessly integrate with their everyday lives, both in the real world and in the Metaverse. The web3 application recently launched a swap feature that will allow their users to swap their PUML tokens for PUMLx tokens, a catalyst that has likely contributed to the recent surge in price with regard to PUMLx. Check out our article on PUML Better Health for more information.

Check Out the Latest Prices, Charts, and Data of PUMLX/USDT!

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Talk of the Town

Do Kwon, CEO of Singapore-based Terraform Labs, the team behind the now-infamous LUNA token, has allegedly been arrested in Montenegro. This was confirmed by the Twitter account of Filip Adzic, minister of the interior of Montenegro. South Korean authorities have also come out to claim that based on available evidence, they can confirm that the individual that Adzic was referring to is indeed Do Kwon. The arrest comes almost a year after the entire Terra blockchain ecosystem, together with LUNA and the stablecoin UST, came crashing down in one of the biggest black swan events within the crypto space (and that particular point in time). Upon Do’s arrest, LUNA promptly fell by 8%, but has since recovered a little as of the time of writing.

Check out what else is buzzing in the crypto scene today:

ONBUFF x SUI Partnership Announcement (Link)

Orbs releases its TON Access service to the general public (Link)

Cosmos-Based DeFi Protocol Quasar to Start Mainnet After Raising More Than $11.5M (Link)