PurpleTrader is a US-based platform and exchange that helps users discover and assess social and utility tokens using a standardized metric system that balances social and financial aspects. The platform curates tokens from DeFi platforms to make them faster to discover and easier to assess for reputation. PurpleTrader is currently in an alpha version and is offering airdrops to early users. The company published a Social Token Report for 2023 that highlights over $403 million in venture capital funding into the social token ecosystem and notes rising partnerships and membership growth. The report covers coins including $APE, $GCR, $FWB, and $CULT and provides insights intended to help traders make informed investment decisions. PurpleTrader says its mission is to help people confidently build their first Web3 and utility token portfolios and to support creators, brands, and communities monetizing digital content.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023