Bitcoin is up 2.93% today, breaking through 86,300, with Ethereum up 1.6%, SOL up 3.4%—the broader market has finally chosen an upward direction. The top three gainers this time share one thing in common: both were driven by Korean exchanges.
SAND is up 59.3%, with $41.3 million in volume—today’s strongest performer. The reason is that on October 2 afternoon, Korea’s three major exchanges—Upbit, Bithumb, and Coinone—removed the trading warning marker imposed on it. The warning was added in August due to an abnormal minting issue related to a cross-chain bridge; now that it’s lifted, liquidity is effectively restored. Note this is event-driven, not an improvement in fundamentals. When events materialize, they are often exactly where the peak happens.
GTC is up 27.1%, with $21.8 million in volume—also due to a Korean factor. At the Korean exchange open on October 2, it surged 53% immediately. But what’s more notable is that it has fallen from the high of 0.184 down to 0.125—down 30% from the intraday high. That’s the classic pump-and-retrace pattern, and anyone who chased it is now at a loss.
NIGHT is up 24%, with $17.2 million in volume. Midnight is a privacy sidechain in the Cardano ecosystem. Looking at the daily chart, it isn’t a one-day spike—it has risen continuously from 0.0287 on September 28 to 0.0476 today. Over five days, it’s gained 66%, indicating sustained capital inflow into the privacy theme. Among the three, its chart structure is the healthiest.
My view is straightforward: both SAND and GTC are event-driven by Korean exchanges. Once the event plays out, it’s time to realize profits—not a buying point. What’s truly worth following is something like NIGHT, with continuous inflows for five days. The market has just broken out, but don’t take the bait and buy at the highs of event tokens.
#涨幅榜 #NIGHT #SAND #加密货币
SAND is up 59.3%, with $41.3 million in volume—today’s strongest performer. The reason is that on October 2 afternoon, Korea’s three major exchanges—Upbit, Bithumb, and Coinone—removed the trading warning marker imposed on it. The warning was added in August due to an abnormal minting issue related to a cross-chain bridge; now that it’s lifted, liquidity is effectively restored. Note this is event-driven, not an improvement in fundamentals. When events materialize, they are often exactly where the peak happens.
GTC is up 27.1%, with $21.8 million in volume—also due to a Korean factor. At the Korean exchange open on October 2, it surged 53% immediately. But what’s more notable is that it has fallen from the high of 0.184 down to 0.125—down 30% from the intraday high. That’s the classic pump-and-retrace pattern, and anyone who chased it is now at a loss.
NIGHT is up 24%, with $17.2 million in volume. Midnight is a privacy sidechain in the Cardano ecosystem. Looking at the daily chart, it isn’t a one-day spike—it has risen continuously from 0.0287 on September 28 to 0.0476 today. Over five days, it’s gained 66%, indicating sustained capital inflow into the privacy theme. Among the three, its chart structure is the healthiest.
My view is straightforward: both SAND and GTC are event-driven by Korean exchanges. Once the event plays out, it’s time to realize profits—not a buying point. What’s truly worth following is something like NIGHT, with continuous inflows for five days. The market has just broken out, but don’t take the bait and buy at the highs of event tokens.
#涨幅榜 #NIGHT #SAND #加密货币