0G (0G) fell 3.23% in the last 24 hours

Gate News Bot news, on October 14, according to CoinMarketCap, as of the time of writing, 0G (0G) is currently priced at $2.22, down 3.23% in the last 24 hours, with a high of $2.85 and a low of $1.77. The current market capitalization is approximately $474 million, a decrease of $15.83 million compared to yesterday.

0G Foundation is the public interest manager of decentralized artificial intelligence. The foundation supports the world's first AI Layer 1 designed for transparency, verifiability, and scalability. The mission of 0G is simple and clear: to make artificial intelligence accountable to the public, ensuring transparency, fairness, and alignment with human needs. The 0G ecosystem is expanding at an unprecedented speed, achieving rapid adoption in infrastructure, research, and partnerships.

Important news about 0G recently:

1️⃣ The second phase airdrop registration has started The 0G Foundation announced the launch of the second phase of airdrop registration on October 10. Testnet contributors do not need to go through KYC, and airdrops will be automatically distributed based on node operation status. Community participants can register additionally, including users who did not complete KYC in the first phase, as well as Discord role holders who were mistakenly omitted and active Kaito users. This initiative is expected to expand community participation in 0G and lay the foundation for future ecosystem development.

2️⃣ Public company Flora Growth acquires a large amount of 0G tokens Flora Growth Corp. (soon to be renamed ZeroStack) announced on October 6 that it purchased 772,200 0G tokens at an average price of $2.59 each. This marks the company's first large-scale 0G acquisition after completing a $401 million financing and initiating its transformation into the world's first publicly listed 0G Treasury. As of the announcement date, the company holds a total of 122,538,335 0G tokens, valued at approximately $352 million. The company stated that it will hold and stake these tokens long-term to generate native yield, demonstrating institutional investors' confidence in the 0G project.

3️⃣ 0G perpetual contracts are about to launch The 0G ($0G) perpetual contract is expected to go live on October 9, 2025, at 9:30 AM UTC. This will provide investors with more trading options and could potentially increase the liquidity and market depth of 0G. However, the introduction of perpetual contracts may also lead to greater price volatility.

From a technical perspective, the price of 0G has experienced significant volatility in the past 24 hours, with a difference of over $1 between the highest and lowest prices. The current price of $2.22 is below the average purchase price of $2.59 for Flora Growth, which may indicate a slightly cautious short-term market sentiment.

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