TRUTH (Swarm Network) 24-hour pump 28.29%

Gate News Bot news, on October 14, according to CoinMarketCap data, as of the time of writing, TRUTH (Swarm Network) is currently priced at $0.017, with a rise of 28.29% in the last 24 hours, reaching a high of $0.018 and a low of $0.01. The current market capitalization is approximately $35.4 million, an increase of $7.8 million compared to yesterday.

Swarm Network is a multi-agent collaboration and decentralized truth verification network. The project aims to achieve real-time verification of any data by combining decentralized AI agent groups, cryptography, and zero-knowledge proofs, providing robust infrastructure support for the next generation of decentralized applications. The core of Swarm Network is the Truth protocol, which integrates AI agent groups and human supervision, establishing an incentive mechanism and reputation system to ensure the accuracy and transparency of information verification.

Important news about TRUTH recently:

1️⃣ Truth Social plans to launch a utility token Truth Social is considering launching a utility token for subscription services. This move marks the platform's further efforts to expand into the cryptocurrency space, potentially bringing new use cases and demand for the TRUTH token.

2️⃣ Truth Social applies for a crypto blue-chip ETF Truth Social has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch an ETF that tracks mainstream cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and CRO. This move demonstrates the platform's ongoing attention to the crypto market and is expected to enhance TRUTH's position in the crypto ecosystem.

3️⃣ SEC delays decision on Truth Social crypto ETF The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Bitcoin and Ethereum ETF applications submitted by Truth Social, while also delaying the ruling on the XRP and Litecoin funds. This regulatory uncertainty may cause fluctuations in the short-term price of TRUTH, but it also reflects the regulatory adjustment process that the cryptocurrency industry is undergoing.

The significant rise in the price of TRUTH token may be related to these positive developments, particularly the ongoing expansion plans of Truth Social in the cryptocurrency space. However, investors should be aware that the uncertainty of regulatory decisions may bring market fluctuations.

This message is not investment advice; investors should be aware of market volatility risks.