Grayscale Investments has introduced the Grayscale Pyth Trust, specifically designed for accredited investors, to provide direct exposure to the PYTH token.
Pyth plays a crucial role in the Solana ecosystem, delivering real-time price data for 95% of the dApps on the network, further cementing its utility.
Despite the potential of the new trust, market reaction has been negative, with the PYTH token value dropping over 5%, currently trading at 0.20 USD.
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