IP Surges 4x in Three Days Ahead of Bitget Launchpool Staking

IP, a cryptocurrency, opened at $2.81 on February 13th, according to market data from Bitget. The token is currently trading at $2.37. The Bitget Launchpool is set to open for staking, with a total prize pool of 554,500 IP. The staking period will run from 20:00 on February 13th to 20:00 on February 15th (UTC+8).

The details of this Launchpool round are as follows:

• Regular User Staking Limit: 5,000 BGB
• VIP User Staking Limit: 30,000 BGB

The IP token has seen significant interest in recent days, with its price surging by over 4x in just three days. This sudden increase has sparked discussions about whether it is a result of retail investor FOMO (fear of missing out) or institutional investors being "rekt" (suffering significant losses).

Meanwhile, the cryptocurrency market has been experiencing a sell-off, with some analysts questioning the severity of the pullback and whether it is a normal correction. Glassnode, a blockchain analytics firm, has been closely monitoring the market and providing insights into the current situation.

As the IP token continues to gain attention, investors and traders are eagerly awaiting the opening of the Bitget Launchpool for staking. The total prize pool of 554,500 IP is expected to attract a significant number of participants, with both regular and VIP users able to stake their BGB tokens for a chance to win a share of the prize pool.