SAPIEN (Sapien) rose 142.35% in 24 hours.

Gate News Bot news, on November 6th, according to CoinMarketCap data, SAPIEN (Sapien) is currently priced at $0.30, rising 142.35% in the last 24 hours, with a peak of $0.31 and a low of $0.12. The current market capitalization is approximately $755,000, an increase of $444,000 compared to yesterday.

Sapien is a decentralized data foundry that transforms collective human knowledge into enterprise-grade AI training data. The platform has 1.8 million global contributors from over 110 countries and has completed 187 million tasks. Sapien focuses on providing high-quality, vertically specialized training data for professional AI, including 3D/4D data annotation, expert-led data collection, and other services to meet the needs of cutting-edge AI systems.

Important news about SAPIEN recently:

1️⃣ Completed $10.5 million seed round financing Sapien announced on October 30, 2024, the completion of a $10.5 million seed round financing led by Variant. The funds will be used to scale its decentralized data labeling platform and further develop AI applications. This round of financing demonstrates investors' confidence in Sapien's business model and is expected to drive rapid growth of the platform.

2️⃣ Hold a token generation event on the Base network The Sapien project plans to hold its Token Generation Event (TGE) on August 13, 2025, on the Base network. This marks an important milestone for the Sapien ecosystem, providing native token support for its decentralized data foundry, which is expected to attract more participants and enhance network effects.

3️⃣ The demand for AI data annotation in the market continues to rise With the rapid development of artificial intelligence technology, the demand for high-quality training data is continuously rising. Sapien, as a professional AI data provider, is expanding its market potential. The platform's unique decentralized model and global contributor network provide it with a competitive advantage, and it is expected to occupy an important position in this rising market.

From a technical perspective, the SAPIEN price has seen a significant pump under the stimulation of recent financing and the upcoming TGE news. However, investors should note that emerging projects often come with higher volatility and risk.

This message does not constitute investment advice, and investors should be aware of market volatility risks.