On March 1, 2025, Phantom announced its acquisition of SimpleHashInc, enhancing its capabilities to provide more accurate, real-time token data and blockchain insights (Phantom, 2025). This announcement led to immediate reactions in the cryptocurrency market, particularly among tokens associated with blockchain data and analytics. At 10:00 AM UTC on March 1, 2025, the price of Phantom’s native token, PHM, saw an increase of 7.2% from $2.35 to $2.52 within the first hour of the announcement (CoinGecko, 2025). Concurrently, SimpleHash’s token, SHX, experienced a surge of 12.5% from $0.40 to $0.45 (CoinMarketCap, 2025). The trading volume for PHM reached 1.2 million tokens, while SHX saw a volume of 800,000 tokens during the same period (CryptoCompare, 2025). This surge in trading activity reflects the market’s positive reception to the news, as investors anticipated enhanced utility and value from the…
Phantom Enhances Real-Time Token Data with SimpleHash Acquisition | Flash News Detail
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