INSP (Inspect) has pumped 21.48% in the last 24 hours.

Gate News Bot news, August 15, according to CoinMarketCap data, as of the time of writing, INSP (Inspect) is currently priced at $0.04, rising 21.48% in 24 hours, with a highest of $0.05 and a lowest drop to $0.02. The current market capitalization is approximately $20.9 million, an increase of $3.69 million from yesterday.

Inspect is Bittensor's Layer 2 solution, providing institutional-grade infrastructure for this decentralized smart network valued at over $2 billion. Inspect aims to build a native financial layer for Bittensor, unlocking its financial potential and expanding decentralized intelligence. Its product suite includes TaoFlow (TAO native yield and leverage protocol), Substrike (collective TAO mining pool), TwTAO (institutional-grade DeFi access channel to Bittensor), and X-Layer (browser extension providing real-time Bittensor information for Twitter). As the first dedicated DeFi layer in the Bittensor ecosystem, Inspect has a first-mover advantage and provides hosting, compliance, and tokenization services for decentralized AI through strategic partnerships with Delchain and Iofinnet.

Important news about INSP recently:

1️⃣ Large investors continue to increase their holdings of INSP A large investor (addresses 0x436F and 0x2DDf) continues to increase their INSP holdings, currently holding a total of 109.56 million INSP, worth approximately 3.98 million USD. This holding accounts for 10.96% of the total supply of INSP, demonstrating the investor's strong confidence in the INSP project.

2️⃣ INSP token concentration increase Two addresses cumulatively hold 103.14 million INSP, accounting for 10.31% of the total supply. This increase in holding concentration may lead to intensified market volatility, while also reflecting some investors' optimism about the long-term development prospects of INSP.

3️⃣ Increase in market attention With the continuous increase in holdings by large investors, the attention on INSP in the cryptocurrency market has significantly risen. This may be one of the important factors leading to its rise of 21.48% within 24 hours, boosting its market capitalization by 3.69 million dollars.

As an important component of the Bittensor ecosystem, the price trend of INSP is influenced not only by its own development but also closely related to the overall growth of the decentralized AI sector. Investors should closely monitor the progress of the Bittensor network and the application expansion of INSP in the DeFi space.

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