MAVIA, the native token of the Web3 mobile game Heroes of Mavia, has soared by 35% after a whale bought 12,000 tokens for $100,000. The token has also benefited from the bullish sentiment in the gaming and crypto markets.
MAVIA is a cryptocurrency that powers the Web3 mobile game Heroes of Mavia, developed by Skrice Studios. Heroes of Mavia is a free-to-play massively multiplayer online (MMO) strategy game that takes place in the fantasy world of Mavia.
Players can build their bases, recruit heroes, and fight against other players or enemies to earn in-game resources, such as Gold, Oil, and Ruby. Players can also use MAVIA tokens to buy, sell, or trade items and services within the game.
MAVIAÂ was launched on February 6, 2024, and has since gained popularity and value among gamers and crypto enthusiasts. It has a total supply of 30 million tokens and a current market cap of $232 million. MAVIA is traded on several crypto exchanges, such as Uniswap, Sushiswap, and PancakeSwap.
The token’s price has surged by 35% in the last 24 hours, reaching a high of $8.59. The price rally was triggered by a whale purchase of 12,000 MAVIA tokens, worth $100,000, by an Ethereum wallet identified as 0x82886ad5e67d5142d44ed1449c2e41b988bfc0ab.
This wallet, nicknamed “Smart trader ETH and MKR 0x828” by Spot-on-Chain, a platform that tracks on-chain activities, bought the tokens across two transactions at an average price of $8.125 each.
This was the first investment of wallet 0x828 in MAVIA. The wallet is known for its strategic trades and profits in Ethereum and Maker, two of the most prominent cryptocurrencies in the market. The wallet currently holds about $16.09 million in Ethereum and recently earned $357,000 from Maker trades.
The whale purchase of MAVIA tokens was seen as a sign of confidence and endorsement by the crypto community, as it indicated that the wallet owner saw potential and value in the Heroes of Mavia project.
The whale purchase sparked a buying frenzy among other investors and speculators, who wanted to take advantage of the opportunity and join the MAVIA bandwagon. The increased demand and hype for MAVIA tokens drove the price up by 35%, making it one of the best-performing tokens in the market.
MAVIA’s price has also benefited from the positive sentiment and momentum in the crypto and gaming market. The crypto market has been on a bullish trend, with Bitcoin breaking above $50,000 for the first time since October 2021.
The Bitcoin rally has boosted the confidence and enthusiasm of crypto investors, who are looking for new and promising projects to invest in. MAVIA, as a Web3 and gaming token, fits the bill, as it offers a unique and innovative use case for cryptocurrency.
The gaming market has also been on the rise, with gaming tokens and platforms gaining popularity and value. Gaming tokens, such as Immutable (IMX), Axie Infinity (AXS), and Decentraland (MANA), have seen impressive gains in the past few months as they offer a new and exciting way for gamers to play, earn, and own digital assets.
Gaming platforms, such as Immutable X and Immutable zkEVM, have also attracted attention and investment as they offer scalable and secure solutions for gaming on Ethereum. MAVIA, as a gaming token and platform, benefits from the growth and innovation of the gaming industry, as it showcases the potential and appeal of Web3 and GameFi.
