OGN went from $0.0175 to $0.0536 in a day. Volume hit $221M — a 2,476% jump.
Then it gave most of it back. Down 47% from the high now.
That's the pattern worth studying. Origin Protocol had already bought back 114M OGN by end of September. Real supply reduction. But the rally overshot on thin liquidity, and the unwind was just as violent.
Volume like that doesn't mean adoption. It means a crowded trade found an exit.
$OGN
#Marketpulse #Volume #BinanceSquare
Then it gave most of it back. Down 47% from the high now.
That's the pattern worth studying. Origin Protocol had already bought back 114M OGN by end of September. Real supply reduction. But the rally overshot on thin liquidity, and the unwind was just as violent.
Volume like that doesn't mean adoption. It means a crowded trade found an exit.
$OGN
#Marketpulse #Volume #BinanceSquare