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news-imageJuly 25, 2024

AltLayer (ALT) Plummets Ahead of $100 Million Token Unlock

AltLayer's crypto token, ALT, has experienced a significant decline, dropping over 17% since Monday. This downtrend arrives just as the blockchain scalability platform prepares for a massive token unlock today.
Publisher: BeInCrypto
Sentiment: Negative
ALT

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AltLayer, the Most Innovative Platform for Rollups

AltLayer is a platform that is revolutionizing the development and management of blockchain applications, offering a scalable and efficient solution. With its ability to work across multiple networks and its support for diverse execution environments, it is already establishing itself as one of the most interesting projects in the crypto space today.

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AltLayer Raises $14.4M Led by Polychain and Hack VC

OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC were also part of the funding round, which concluded in September 2023, as per a statement released today. Previously, in 2022, AltLayer had secured $7.2 million in a seed funding round.

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