OFN (Openfabric AI) rose by 10.81% in the last 24 hours.

Gate News Bot news, on July 18, according to CoinMarketCap data, OFN (Openfabric AI) is currently priced at 0.00507515 USD, with a rise of 10.81% in the last 24 hours, peaking at 0.02830133 USD and dropping to a low of 0.0010885 USD. The 24-hour volume reached 576,100 USD. The current market capitalization is approximately 887,400 USD, an increase of 86,500 USD compared to yesterday.

Openfabric AI is a first-layer blockchain network focused on artificial intelligence, designed for building and connecting decentralized AI applications. Currently, the project is investigating the token issue and coordinating with exchanges and auditors. The official reminder to users is to refrain from trading temporarily, protect fund security, and wait for further notice.

Important news about OFN recently:

1️⃣ The project is investigating the token issue The Openfabric AI project team is currently actively investigating issues related to its token. The project party is closely coordinating with exchanges and audit institutions to ensure that the issues are properly resolved. This measure indicates the project party's high regard for the security of the token, which may impact short-term market sentiment.

2️⃣ Official Announcement of Trading Suspension Recommendations In light of the current situation, the Openfabric AI official has issued a warning to users, recommending a temporary halt to the trading activities of OFN tokens. This precautionary measure aims to protect users' funds while also potentially leading to a temporary decrease in volume.

3️⃣ Wait for further official notice The project team stated that they will issue a follow-up notice after the issue is resolved. This transparent communication approach helps to maintain investor confidence, but it may also create short-term market uncertainty, affecting token price fluctuations.

Despite facing these challenges, OFN has still shown a rise in the past 24 hours, with an increase of 10.81%. This may reflect some investors' confidence in the project's long-term prospects or expectations for a quick resolution of issues. However, considering the current uncertainty, the market may continue to exhibit high volatility.

This message is not intended as investment advice; investors should be aware of market volatility risks.