Why is Fun token up today?
FUN token soars 60% despite altcoin market slump
While most altcoins are declining, the long-standing gaming token FUN posted an impressive 60% price surge within 24 hours. This growth is attributed to a combination of factors, including blockchain certification and the token’s newly confirmed deflationary model.
According to CoinMarketCap, on June 21, FUN rose nearly 60%, surpassing $0.08. Over the past week, it has more than doubled in value—up 117%—prompting some market watchers to anticipate a push toward the symbolic $0.10 mark. However, this still lags far behind the all-time high of $0.337 reached in 2017.
Strategic growth and deflationary shift
Today’s surge has been months in the making. The FUNToken team previously announced plans to launch several Web3 games in the second half of the year, which will require players to hold FUN tokens to participate.
Earlier this month, the team launched a Telegram AI bot that tracks user rewards for activity within the ecosystem.
On June 19, the FUNToken account on X announced the completion of CertiK certification and finalization of its blockchain. Additionally, FUN’s tokenomics officially entered a deflationary phase, meaning the circulating supply will decrease over time.
“Since no new tokens are ever created, FUNToken is now fully deflationary—with a fixed, shrinking supply powering the ecosystem,” the team stated.
Influencer endorsements and gaming expansion
Crypto influencer Lourdes Sanchez highlighted the token’s evolving value proposition:
“Immutable, certified, and supply-fixed, FUN no longer mints new tokens. This marks the start of a true deflationary phase,” she wrote.
Meanwhile, the FUN team has hinted at further expansion into the gaming crypto space, continuing to fuel momentum while many other major projects remain stagnant.
As we wrote, FUN Token roadmap promises airdrops, rewards and 10M users
