CLO (Callisto Network) fell 8.56% in the last 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap, as of the time of writing, CLO (Callisto Network) is currently priced at 0.00011884 USD, having fallen 8.56% in the last 24 hours, with a maximum of 0.00015399 USD and a minimum drop to 0.00011273 USD. The current market capitalization is approximately 390,700 USD, a decrease of 36,551.45 USD compared to yesterday.

Callisto Network is a project dedicated to enhancing the security of the blockchain ecosystem. It adopts a dynamic monetary policy, introducing a dynamic inflation/deflation rate based on blockchain usage, and incentivizes miners to continuously protect network security. The long-term total supply of the CLO token is 3 billion pieces, regarded as a store of value asset. Callisto Network also offers features such as cold staking, ERC-223 token standard, and NFT standards, aiming to become the most advanced and secure proof-of-work blockchain.

Important news about CLO recently:

1️⃣ The project has been renamed to Yei Finance The Callisto Network (CLO) project has been renamed to Yei Finance, but it retains the original CLO token symbol. This rebranding may aim to reposition the project and attract more investors and user attention.

2️⃣ New trading platform launched Yei Finance (CLO) will be launched on the new trading platform on October 14. This move is expected to enhance the liquidity and tradability of CLO, bringing more attention and potential trading volume growth to the token.

3️⃣ Potential Airdrop Activities With the launch of the new platform, eligible users may have the opportunity to participate in the airdrop event for CLO tokens. This could stimulate demand for CLO in the short term, but it may also lead to selling pressure after the launch.

Despite new developments, the price of CLO tokens has still fallen. This may reflect the market's cautious attitude towards the project's renaming and the launch of the new platform, as investors may be waiting to see how these changes will impact the long-term value of CLO. At the same time, potential airdrop activities may have triggered some investors to take profits, leading to short-term price fluctuations.

This message is not an investment advice, and investments should be made with caution regarding market volatility risks.