ORE Surges Over 56.5% in 24 Hours, Market Cap Reaches $90 Million

BlockBeats News, November 6th, according to GMGN data, the Solana on-chain mining project Ore's token ORE price surged over 56.5% in the past 24 hours, breaking through $220. The market cap rose to $90 million, with a 24-hour trading volume of $11 million.

The total supply cap of ORE is 21 million tokens, with 1 ORE minted per minute, allowing multiple miners to receive rewards simultaneously. In September 2024, Ore founded Regolith Labs and completed a $3 million seed round financing, led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society, 3KVC, and others.

BlockBeats reminds users that this token may have no practical use case, and its price is highly volatile, so investment should be cautious.