The native token of Loom Network, LOOM has surged more than 500% in the past month with its price skyrocketing from $0.04 to $0.27.
According to data from Coinmarketcap, LOOM has rise 23% and it has generated a volume of over $682 million in the past 24 hours, of which more than 50% volume is recorded on Korean exchange Upbit.
The trading volume of LOOM futures has surpassed $2.4 billion in the past 24 hours with the LOOMUSDT becoming the second most traded future on Binance exchange.
LOOM’s market cap has also surged to $326 million from $50 million since last month.
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