$70M Committed to Boba Network as Foundation Concludes BOBA Token Agreement with FTX Recovery Trust

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 01 2025

BOBA-5.07%

TOKEN-0.46%

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Funding Announcement: Boba Governance Foundation has secured a $70 million investment from Awaken Foundation and LDA Capital to enhance the Boba Network's infrastructure, expand its developer ecosystem, and promote AI-powered decentralized applications (dApps).
Agreement with FTX Recovery Trust: The Foundation has reached an agreement with FTX Recovery Trust regarding BOBA tokens, transferring all held tokens to the Foundation and allowing the Trust to purchase additional tokens at a set price, thereby stabilizing the token's future.

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Technical Analysis for BOBA

Technical Sentiment Analysis for Boba Network (BOBA) As of , Boba Network (BOBA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BOBA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BOBA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Boba Network (BOBA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00774	0.0149	0.0217	0.0288	0.0356	0.0428	0.0495
Fibonacci	0.0149	0.0202	0.0235	0.0288	0.0342	0.0375	0.0428

About BOBA

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, Moonbeam and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by Hybrid Compute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications. $BOBA will be used for governance of the Boba DAO, which will be used for community initiatives and direction for the network’s future. Each $BOBA holder will get one vote for every token that they stake on Boba Network. Token holders will be eligible to submit proposals, vote, and delegate votes for proposals on the DAO in accordance with the governance guidelines.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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