Data: OOB market cap briefly surpassed $560 million, with a 24-hour increase of over 340%

According to GMGN data, the cryptocurrency payment company Oobit's token OOB briefly surpassed $0.8, currently reported at $0.56, with a market cap of $560 million and a 24-hour trading volume of $11.1 million, showing a 24-hour increase of 342%.

ChainCatcher previously reported that Malaysian tech consulting company VCI Global plans to acquire $100 million worth of OOB tokens.

OOB is the utility token of the cryptocurrency payment company Oobit, supported by Tether. According to the transaction structure, VCI Global has acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to repurchase an additional $50 million worth of tokens through the secondary market after the public issuance of the tokens. VCI Global indicated that after the transaction is completed, Tether will become its largest shareholder.

ChainCatcher reminds users that the prices of related tokens are highly volatile, and investment should be approached with caution.