My Guess is because of the WebX 2025 conference in Tokyo, the event highlighted DIMO's strategic expansion into the Japanese market and a few other developments. That could have boosted investor confidence. We saw those spikes followed by cool downs for some other DePIN projects too in the past.
Why did DIMO's price explode up?
This week DIMO’s price shot up over 100% and has since cooled off and come down about 50%.
I tried to find what caused this but didn’t see anything.
Is there any news?
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DIMO18•posted •active
GEODNET
Rovr
Hivemapper
Wingbits
one of the DIMO founders posted this:
https://x.com/robmsolomon/status/1961112366365466746
edit: $20M buy of $DIMO