$STONK surges 100%, is the altcoin market an opportunity or a trap?

$STONK rose 100.10% in 24 hours, climbing from $0.02 to $0.04086032. The S&P 500 fell 0.38%, while the Nasdaq and Dow Jones dropped 0.29% and 0.51%, respectively.

Exchange balances hit a 3-month high, but whales are selling. Market sentiment is split, with some buying in and others leaving.

Data source: CoinGecko market tracking

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