PUFFER Price Skyrockets 68% After the Official Launch of the Claims Portal

After the official launch of the PUFFER claims portal today, the price of the crypto experienced a massive rally. Currently, it is at $0.4956, up by 68.40%

After officially launching its claims portal, PUFFER (PUFFER) price experienced a massive rally, reaching $0.4956, indicating a 68.40% increase over the last seven days.

$PUFFER claims are now live! 🎉https://t.co/TqV0LfaQ63After claiming, you can stake with Puffer, participate in governance through vePUFFER staking, boost your rewards, and earn more points. Don’t miss out!We sincerely apologize for the website being down earlier due to an… pic.twitter.com/OodSSnRF5l

According to CoinMarketCap, PUFFER price today experienced a slight decrease, with a drop of 0.88% over 24 hours, and the crypto asset is trading at $0.4939, with a market capitalization of $50.70 million.

However, the trading volume reached $152.96 million, showing an increase of 67.84% within 24 hours. These price actions indicate high levels of volatility, presenting opportunities and risks for traders in the market.

Moreover, PUFFER has a fully diluted valuation (FDV) of about $495.57 million, which showcases the asset’s growth rate. There are 102.31 million PUFFER tokens in circulation, out of a total supply of 1 billion tokens.

Community Engagement and New OpportunitiesWith a launched claims portal, the Puffer community is engaging with the project more than ever. The portal allows users to claim their $PUFFER tokens.

However, this new feature adds community involvement and brings people to explore opportunities within the ecosystem.

After users claim their tokens, they can stake them to obtain vePUFFER tokens, which can then be used to participate in governance through vePUFFER staking. This new approach allows the token holders to have a say in things within projects while offering a chance to make even more.

Trading and Exchange ListingsMultiple centralized exchanges (CEX) now support trading of Puffer tokens, as Bitget leads in trading volume. Other exchanges facilitating trades include Gate.io, KuCoin, and HashKey Global.

In addition, PUFFER currently only trades with the stablecoin Tether (USDT). This pairing helps to increase liquidity, giving investors easier access to the market. More trading pairs are yet to come as the token is still gaining traction.

Another token that experienced a price surge after being listed on major exchanges is the newly launched EIGEN token.

Puffer Finance currently has its Total Value Locked at $1.415 billion in TVL, which shows immense investor confidence. As per DeFiLlama, TVL ranking PUFFER comes at the 24th position.

Despite that, Puffer Finance raised $23 million, showing how interested and committed the project remains.

However, despite some variance, the TVL has been holding steady around the 1.4 billion dollar point. This stability represents that even while future capital inflows could increase, existing investments are being kept up.

Traders and investors continue flocking to Puffer, drawn by its commitment to sustainability.