🌊 $BMT just landed on Binance and moved $11.2M in a day. Is that new money?
Fair question: is this a hot new coin, or the same old trading in a new place?
It's the second one. $BMT has been trading for about 597 days, and 7 other places already list it. Those other venues together handle roughly $3M a day. Binance alone did about $11.2M in its first 24 hours, so this one venue is moving several times what all of them combined do.
That suggests new buyers showed up, not just existing traders switching sides. The price slipped 6.5% to about $0.0263, which is a normal cool-off when a familiar coin suddenly gets a much bigger audience.
My take: $BMT isn't new, but its audience is. Real new depth, with a price still finding its footing. 🌊
$BMT
Fair question: is this a hot new coin, or the same old trading in a new place?
It's the second one. $BMT has been trading for about 597 days, and 7 other places already list it. Those other venues together handle roughly $3M a day. Binance alone did about $11.2M in its first 24 hours, so this one venue is moving several times what all of them combined do.
That suggests new buyers showed up, not just existing traders switching sides. The price slipped 6.5% to about $0.0263, which is a normal cool-off when a familiar coin suddenly gets a much bigger audience.
My take: $BMT isn't new, but its audience is. Real new depth, with a price still finding its footing. 🌊
$BMT