MAO (Mao) fell 5.36% in the last 24 hours.

Gate News Bot news, on July 29, according to CoinMarketCap, as of the time of writing, MAO (Mao) is currently priced at $0.0000001163, having fallen 5.36% in the last 24 hours, with a high of $0.0000001228 and a low of $0.0000001096. The current market capitalization is approximately $116,300, a decrease of $6,583.86 compared to yesterday. Currently, MAO ranks 2772nd in global Crypto Assets market capitalization.

Mao is a Crypto Assets project themed around cats. The project describes MAO as "the hero on Ethereum" and "the greatest meme of all time." The total supply of MAO tokens is 1 trillion, with a transaction tax rate of 0%. The project is currently listed on exchanges such as Blynex and BitMart.

Important news about MAO recently:

1️⃣ Project positioning and theme attract attention MAO, as a cat-themed Crypto Assets project, has attracted the interest of some investors due to its unique positioning. The project describes itself as "the hero on Ethereum" and "the greatest meme of all time." This branding may spark some speculative demand in the short term, but it also increases the uncertainty of the project.

2️⃣ Tokenomics design affects price performance The total supply of MAO tokens reaches up to 1 trillion coins, and this massive supply may be one of the main reasons for its extremely low unit price. At the same time, the 0% transaction tax rate design may help increase trading activity, but it may also affect the long-term sustainability of the project.

3️⃣ Market position and liquidity need improvement Currently, MAO ranks 2772nd in the global Crypto Assets market capitalization, with a market capitalization of only $116,300, indicating that its market recognition and liquidity still have significant room for improvement. In this situation, price fluctuations may become more severe, and investors need to be cautious of high risks.

From a technical perspective, the MAO price has shown a falling trend in the past 24 hours with significant volatility. It may continue to face selling pressure in the short term, but considering its characteristic of hovering at a low level, there is also the possibility of a rebound.

This message is not an investment advice, and investors should be aware of market volatility risks.