Bitcoin is up 0.88% today and has returned to 853,000, Ethereum is up 0.73%, BNB is up 2.74%, and the broader market has recovered from yesterday’s pullback.
This time, the gainers’ list has a very clear story: money is moving between sister chains running the same set of projects.
GLMR is up 26.4%, with trading volume of 16.7 million. Moonbeam is a smart-contract parallel chain in the Polkadot ecosystem. It has a sister chain called Moonriver—the one that saw consecutive explosive rallies just a few days ago, jumping 75% in a day and then another 52%. MOVR surged to 2.906 on October 1, then kept collapsing all the way to 1.885. Meanwhile, GLMR pulled from 0.00865 on October 2 up to 0.012555 on October 3—timing that lines up perfectly. Two chains from the same team, with capital rotating from one to the other—that’s a classic rotation. But note that GLMR has already fallen from its intraday high of 0.014355 to 0.012277, down 14%.
STRK is up 22.1%, with trading volume of 24.4 million. Starknet is Ethereum’s ZK scaling solution. I mentioned it earlier today; at midday it was up 24.3%, and now it’s holding at 22.1%, which suggests this isn’t a one-day fluke. The issue is that trading volume is only 24.4 million—liquidity is limited—and it’s also dropped from its intraday high of 0.05668 to 0.05397.
PUMP is up 13.6%, with trading volume of 41 million—the largest among the three. PUMP is a meme-launchpad token on Solana. A few days ago its volume didn’t expand much, but today it finally caught up. These kinds of coins rally fast and drop fast too, so participation should be with only a small position.
My take is very straightforward: both GLMR and STRK are pulling back from their intraday highs, indicating there’s selling pressure overhead—so chasing at higher levels isn’t a good idea. PUMP has the biggest volume, but its nature is the most speculative. The broader market is rebounding today, but the quality of the gainers list is mediocre—don’t let the size of the percentage gains fool you.
#涨幅榜 #GLMR #STRK #Cryptocurrency
This time, the gainers’ list has a very clear story: money is moving between sister chains running the same set of projects.
GLMR is up 26.4%, with trading volume of 16.7 million. Moonbeam is a smart-contract parallel chain in the Polkadot ecosystem. It has a sister chain called Moonriver—the one that saw consecutive explosive rallies just a few days ago, jumping 75% in a day and then another 52%. MOVR surged to 2.906 on October 1, then kept collapsing all the way to 1.885. Meanwhile, GLMR pulled from 0.00865 on October 2 up to 0.012555 on October 3—timing that lines up perfectly. Two chains from the same team, with capital rotating from one to the other—that’s a classic rotation. But note that GLMR has already fallen from its intraday high of 0.014355 to 0.012277, down 14%.
STRK is up 22.1%, with trading volume of 24.4 million. Starknet is Ethereum’s ZK scaling solution. I mentioned it earlier today; at midday it was up 24.3%, and now it’s holding at 22.1%, which suggests this isn’t a one-day fluke. The issue is that trading volume is only 24.4 million—liquidity is limited—and it’s also dropped from its intraday high of 0.05668 to 0.05397.
PUMP is up 13.6%, with trading volume of 41 million—the largest among the three. PUMP is a meme-launchpad token on Solana. A few days ago its volume didn’t expand much, but today it finally caught up. These kinds of coins rally fast and drop fast too, so participation should be with only a small position.
My take is very straightforward: both GLMR and STRK are pulling back from their intraday highs, indicating there’s selling pressure overhead—so chasing at higher levels isn’t a good idea. PUMP has the biggest volume, but its nature is the most speculative. The broader market is rebounding today, but the quality of the gainers list is mediocre—don’t let the size of the percentage gains fool you.
#涨幅榜 #GLMR #STRK #Cryptocurrency