Polkadot
Moonbeam is shifting its focus from Polkadot to Ethereum's Base layer 2 network. The move aims to support the development of an AI agent communication and settlement system.
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Polkadot's native token DOT fell 3% to $1.83 on Wednesday, breaking below the key $1.90 support level despite positive news on Coinbase integration. Strong selling pressure led to a volume spike 340% above average, signaling institutional distribution. The broader crypto market also declined, with the CoinDesk 20 index down 2%.