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News Announcement Study

Welcome to our Data Report on the News Announcement Study.

Welcome to our Data Report on the News Announcement Study.

Key Takeaways

  • We proposed a method to examine tokens’ price movement before and after news announcement;
  • 20 hand-picked events (across 17 tokens) from 2019 June to 2019 December were used;
  • Price momentum effect lasts for the first 20 minutes after announcement;
  • Price persistency effect lasts for at least 1 day after announcement;
  • There are no strong evidences that price movement occurred prior to announcement.

Read the full version of the News Announcement Study Report here.

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