ICX 24-hour surge of 170%, price at 0.28, market cap just over 30 million. First on the gainers list, with trading volume of only about 1.5 million. By the standards of the front ranks, this amount is considered rather meager.
ICX is one of those Korean “old husband chain” projects from the 2017 batch. It rarely shows any movement in normal times. Getting caught in a thin order book like this has happened more than once. What looks fine in the order book doesn’t hold up once trading actually kicks in—it quickly exposes the issue. You don’t need much to push it up, and smashing it down requires just as little.
In the front of the leaderboard, they’re all small-cap plays with market caps in the tens of millions. The #1 spot seems to change hands almost every day.
ICX is one of those Korean “old husband chain” projects from the 2017 batch. It rarely shows any movement in normal times. Getting caught in a thin order book like this has happened more than once. What looks fine in the order book doesn’t hold up once trading actually kicks in—it quickly exposes the issue. You don’t need much to push it up, and smashing it down requires just as little.
In the front of the leaderboard, they’re all small-cap plays with market caps in the tens of millions. The #1 spot seems to change hands almost every day.
