AB token's price surged 46% to $0.0077 over the past week after WLFI announced the launch of its USD1 stablecoin on the AB chain. This development comes after a 36.7% decline in AB's price over the previous month. The collaboration is expected to improve on-chain payment experiences and liquidity. The announcement also spurred a 200% increase in daily trading volume, reaching nearly $40 million, alongside notable whale activity. Despite the positive momentum, analysts caution about a potential bearish divergence, as the A/D indicator shows a decline even as prices rise, indicating the rally may be short-lived.
AB Token Jumps 46% Following WLFI USD1 Stablecoin Launch Announcement
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