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Medium token jumps 12% to $1.84 as NFT marketplace goes live, signaling fresh on‑chain activity and potential liquidity shifts.
Medium’s native token surged 12% to $1.84 in the last 24 hours, breaking the $1.80 resistance level after the platform announced the launch of its NFT marketplace on Monday [1].
| At a glance | |
|---|---|
| Price | $1.84 |
| 24h Change | +12% |
| Key Level | $1.80 resistance broken |
| Catalyst | NFT marketplace launch |
The price jump coincided with Medium’s rollout of an NFT marketplace that allows creators to mint and sell digital collectibles directly on the platform. The announcement triggered a surge in on‑chain activity, with daily transaction volume rising 35% from the previous week, according to blockchain analytics. The token’s circulating supply remains unchanged at 500 million, but the new marketplace is expected to attract additional holders, potentially expanding the token’s user base.
Medium’s token has been trading in a narrow $1.70‑$1.85 range for the past month. The recent breakout above $1.80 marks the first time the price has closed above that level since October 2023, suggesting a shift in market sentiment. However, the token’s market cap of roughly $920 million still lags behind the $1.2 billion peak reached in early 2023, indicating room for further upside if the marketplace gains traction.
The breakout highlights how new on‑chain utilities can quickly reshape token dynamics, but the longer‑term impact will depend on whether the NFT marketplace can sustain user growth and translate that into broader token adoption.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 5 outlets · Aug 5, 2026 · How we report
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