Today, I noticed that the ANJ market cap spiked suddenly by approximately 73%, however, the price seemed to not have any correlation with this event.
Market Cap Chart:
Perhaps this is an error with the data source, however, I was wondering what an accurate representation of the ANJ market cap to price relationship would be?
Thanks for your time
Does this perhaps have something to do with the nature of having a bonding curve pair with ANT? I’d appreciate any sort of explanation for how I can think about ANJ market cap in relation to ANJ price, since usually I am accustomed to a token’s market cap and price having a very close relationship.
In case anyone else stumbles upon this and is as confused as I was, I found the answer within the Discord server: