Why Is LOOM Suddenly Pumping Over 130% After Years of Silence? Must Read

Loom Network (NEW) has captured the spotlight with a stunning 130% rally in just 24 hours, following its official token migration announcement. 

This price surge isn’t just driven by market speculation, it comes on the back of a strategic transition that strengthens Loom’s infrastructure and accessibility. 

As a multichain-ready, production-grade platform built for real-world dapps, Loom is proving that solid fundamentals still matter. Let’s unpack what’s driving the LOOM token and what this platform is all about.

Loom Network is Back and Built for Developers

Loom Network has been live since early 2018, created to solve one of blockchain’s most persistent challenges, scalability without compromising user experience. 

Its mainnet, Basechain, is a Delegated Proof of Stake (DPoS) chain optimised for real-world dapps, offering performance comparable to traditional apps.

The platform’s core strength is multichain interoperability. Developers can deploy dapps once and access users across Bitcoin, Ethereum, BNB Chain, Tron, and soon Cosmos and EOS. That means projects built on Loom can reach the largest possible audience without needing to maintain separate versions for each chain.

Unlike Ethereum, where users must pay gas for every interaction, Loom shifts the cost to developers. They pay a flat monthly fee to host dapps, letting end users enjoy a gasless, seamless experience. For use cases like gaming or consumer apps, this is a game-changer.

Security is also a priority. With 21+ global validators and over 247 million LOOM staked, Basechain offers strong decentralisation and has even been audited by Trail of Bits.

This is not a testnet or concept. Loom is already live, already scalable, and now, with this token migration, getting noticed again.

Read more: Bitcoin's Supply Shock Looms Amid ETF Frenzy

Price Spike Follows Token Migration Announcement

LOOM’s massive 130.3% surge coincides with its official migration to a new token contract. This update, confirmed by both Coingecko and Loom’s team, improves scalability and aligns LOOM for future upgrades.

The price action speaks for itself. LOOM jumped from $0.0137 to a peak of $0.0477 before settling at around $0.033 at the time of writing. Daily trading volume also spiked, reaching over $5.85 million, a huge leap from its average volume in recent weeks.

Market cap now stands at $41.6 million, with a fully diluted valuation of $43.5 million. The circulating supply is 1.24 billion out of 1.3 billion, showing that most tokens are already active in the market.

This is not just a short squeeze or speculative pump. Token migrations often breathe new life into older projects, but in Loom’s case, the fundamentals support the price move. 

The platform is production-ready, developer-friendly, and aligned with current trends like multichain support and zero-gas UX.

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Loom’s Long-Term Strength Is in Real Adoption

The reason this pump may have staying power is simple: Loom is one of the few platforms that actually works today. It offers a developer-first approach with real infrastructure, and that’s starting to resonate.

Here’s why it matters:

• Real scalability: Loom runs fast, high-volume dapps today without needing future upgrades or experimental tech.
• No user gas fees: End users don’t deal with MetaMask popups or gas estimations, they just use the app.
• Cross-chain reach: Deploy once, access users from Ethereum, Bitcoin, Tron, BNB Chain, and more.
• Staking utility: LOOM can be staked to secure Basechain, rewarding both validators and delegators.
• Ethereum compatibility: Developers can port Solidity-based dapps to Loom in minutes.

Loom also powers CryptoZombies, a free code school that’s taught over 415,000 developers how to build dapps on Ethereum and now supports Loom. This proves the team understands the developer journey and has built tools accordingly.

From DeFi to e-learning, games to supply chains, Loom can support all types of dapps, fast, secure, and multichain-ready.

Read more: Is Ripple Next to Get Hacked?

Trade LOOM Easily on Bitrue

Looking to buy LOOM during this breakout? Bitrue offers one of the easiest and most secure ways to trade the token. Whether you’re investing for the long haul or just trying to catch the current wave, Bitrue supports LOOM (NEW) alongside a wide range of altcoins.

With fast order execution, a clean interface, and additional tools like staking and futures, Bitrue is an ideal option for both beginner and advanced traders. 

If you’re new to decentralised tokens and want a reliable exchange, Bitrue provides that balance between accessibility and performance.

Conclusion

Loom Network has spent years quietly building a robust, scalable blockchain platform. Now, thanks to a well-executed token migration and renewed developer interest, the market is finally waking up. 

A 130% move in 24 hours reflects that excitement, and if the team delivers on their multichain promise, LOOM could be just getting started.

As Basechain expands and new integrations go live, this could be one of the more sustainable comebacks in the crypto space. Whether you're building or trading, Loom is a name to watch in 2025.

Frequently Asked Questions

1. Why did LOOM price go up over 130%?
The recent surge followed Loom Network’s token migration to a new contract, drawing attention back to its scalable and developer-ready infrastructure.

2. What is Loom Network used for?
Loom is a multichain platform that allows developers to build dapps that scale easily across chains like Ethereum, Bitcoin, and BNB Chain. Users get a seamless, gas-free experience.

3. Where can I trade LOOM?
You can buy and trade LOOM on Bitrue, which offers a user-friendly platform, low fees, and support for staking and altcoin trading.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.