Arkham up 23% following Binance Labs investment
In a Nov. 15 post on X, Binance Labs, the venture capital and incubator arm of the world’s largest exchange, has announced its investment in Arkham’s native token, ARKM.
Arkham is positioned as a blockchain intelligence and data platform fueled by artificial intelligence, offering detailed insights and visualization tools for on-chain analysis.
Powered through ULTRA
According to the accompanying post on the Binance Blog, Arkham’s intelligence platform, powered by its proprietary AI engine ULTRA, will enable users to visualize anyone’s blockchain transactions. ULTRA algorithmically matches addresses with real-world entities, offering searchable and sortable transaction histories on entity and token pages.
Additionally, Arkham’s network visualizations map entity relationships and fund flow, contributing to a more transparent landscape in the cryptocurrency sector. Therefore, the platform will allow individuals or organizations to do their own research, in addition to enabling users to participate in the intelligence economy with rewards powered by the ARKM token.
However, despite sharing news of this investment, neither the blog or the post on X highlight exactly what that investment is.
Double-digit price surge
Following the announcement, the price of ARKM has seen a price spike of 23.6%. This puts the token at $0.5611.
It is worth noting that the token has shown significant growth over the last month, with a 64% over the period.
