đłđł INCREDIBLE 500% SURGE IN JUST 4 HOURS! đłđł
The price of $MOB skyrocketed from 0.05 to 0.28 in a mere 4-hour span!
Despite its impending delisting, what caused this monumental increase?
Here's the breakdown:
Following the delisting announcement, selling pressure initially dropped the price by 70%.
Sell volume amounted to around 33 million, but simultaneous opening of short positions by future traders accounted for approximately 50 million.
To meet the market's liquidity demands, the price had to surge dramatically.
However, why the staggering 500% surge? Typically, such situations might see increases of 30-50%.
Nevertheless, there's still an overwhelming buying pressure.
What's behind this sustained demand?
Feel free to share any insights or tips!
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