Key reason why Layer One X price blast 1,638% in less than one hour

Crypto startup Layer One

Layer One CoinGeckoa crypto price tracking website.

According to the website’s data, the price of L1X rose from $5.14 to $37.16 in just one hour, surpassing several other altcoins among the top 100 coins by market cap. However, it appears that this increase is actually due to a display error on the CoinGecko website. The project’s X account noted that there are significant discrepancies between the price displayed on CoinGecko and on decentralized exchanges such as Uniswap, PancakeSwap, and Raydium.

In an X post On January 23, Layer One

Although the exact methodology CoinGecko used to determine tracking starting prices remains unclear, the project expressed concern that the discrepancy “could confuse our community and visitors,” adding that “we have already submitted a ticket to resolve this issue and appreciate your promptness. assistance.”

As of press time, CoinGecko has not issued any public comments on the situation.