Altcoins were also on the upside, with rumors that the SEC will approve a spot Bitcoin ETF in the coming months, pushing BTC to $30,000.
While this activity made investors happy, bad news came from DEX SpiritSwap in the Phantom ecosystem.
The Fantom (FTM) ecosystem Twitter account announced that the DEX SpiritSwap on Fantom will not be able to support day-to-day operations.
The Phantom Ecologist account said in a statement:
“It's coming to the end of an era, as SpiritSwap said.
SpiritSwap, a DEX in the phantom ecosystem, has announced that due to the Multichain incident, the project has run out of funds and can no longer support day-to-day operations.
SpiritSwap is currently looking for a new team to take over the project. SpiritSwap will automatically stop working on September 1 if there is no team to take over.
SpiritSwap is currently looking for a new team to take over the project. SpiritSwap will automatically stop working on September 1 if there is no team to take over.”
https://twitter.com/ftm_ecologist/status/16890700144466673924
After this announcement, SpiritSwap's native token, SPIRIT, dropped 36%. At the time of writing, SPIRIT continues to trade at $0.0008273.
*Not investment advice.
