Three tokens are green in a market where 120 of 723 pairs are.
Snapshot (13:30 UTC):
- $HOT +30.77%, $0.000459, $12M volume, 112,683 trades
- $RSR +7.52%, $0.001745, $8M volume, 78,401 trades
- $PEPE +4.28%, $0.00000512, $65M volume, 243,003 trades
The interesting number is not the percentage, it is the trade count.
$HOT moved 30% on 112,683 trades. $PEPE moved 4% on 243,003 trades, more than double the count, on more than five times the volume.
Large percentage moves on high trade counts are retail attention. Large percentage moves on low trade counts with small volume are thinner books moving faster.
$PEPE's 243K trades is the most-traded name on my board today despite a modest 4% move. That is attention, which is exactly what the Square algorithm rewards. #PEPE #Memecoin #Altcoins
Snapshot (13:30 UTC):
- $HOT +30.77%, $0.000459, $12M volume, 112,683 trades
- $RSR +7.52%, $0.001745, $8M volume, 78,401 trades
- $PEPE +4.28%, $0.00000512, $65M volume, 243,003 trades
The interesting number is not the percentage, it is the trade count.
$HOT moved 30% on 112,683 trades. $PEPE moved 4% on 243,003 trades, more than double the count, on more than five times the volume.
Large percentage moves on high trade counts are retail attention. Large percentage moves on low trade counts with small volume are thinner books moving faster.
$PEPE's 243K trades is the most-traded name on my board today despite a modest 4% move. That is attention, which is exactly what the Square algorithm rewards. #PEPE #Memecoin #Altcoins