RLC trading volume jumps from $500,000 to $55 million
On Binance Spot, $RLC closed at 0.3644 on October 4. It’s now at 1.0705, nearly tripling in five days. Earlier today, it briefly surged to 1.488 before pulling back by about 28%.
Another set of numbers is even more striking: before October 5, its daily trading volume was only $100,000 to $500,000. Since October 5, there have been four days with volumes between $27 million and $55 million—a completely different scale.
The price and volume figures are real, but so far I haven’t seen any new announcements or partnership news from the project team, so the reason for the surge is unclear. A rally without news to support it can often reverse just as quickly, and today’s long upper wick is a case in point.
If volume drops back below $10 million over the next few days while the price holds steady, then I’ll take a closer look at whether $RLC really has something new going on.
#Square $RLC
On Binance Spot, $RLC closed at 0.3644 on October 4. It’s now at 1.0705, nearly tripling in five days. Earlier today, it briefly surged to 1.488 before pulling back by about 28%.
Another set of numbers is even more striking: before October 5, its daily trading volume was only $100,000 to $500,000. Since October 5, there have been four days with volumes between $27 million and $55 million—a completely different scale.
The price and volume figures are real, but so far I haven’t seen any new announcements or partnership news from the project team, so the reason for the surge is unclear. A rally without news to support it can often reverse just as quickly, and today’s long upper wick is a case in point.
If volume drops back below $10 million over the next few days while the price holds steady, then I’ll take a closer look at whether $RLC really has something new going on.
#Square $RLC