microduck soared over 40% to a new high before quickly retracing, now trading at $0.0145

BlockBeats News, August 31st, according to GMGN market data, the Robinhood Chain meme project microduck experienced a rapid surge during midday. The price quickly rose from around $0.013 to hit a peak of around $0.0188, representing a short-term increase of over 40%. The corresponding market capitalization reached nearly $19 million.

Subsequently, the price quickly retraced, currently trading at around $0.0145, with a market cap of approximately $14.55 million, a retracement of about 23% from the peak.