$ACT 09: Record volume hits the daily high as it turns green amid the Nasdaq selloff
Event: The sharp overnight drop in the Nasdaq spread to crypto, with $BTC down about 6.2% on the day and $ETH about 8.5%; $ACT 23 first plunged below the daily low of 0.00858, then posted eight consecutive green candles this morning, with a single 09:00 candle trading about 2.06 million U to reach a daily high of 0.009705.
Price: Up about 7.3% on the day, outperforming BTC by more than 13 percentage points; after spiking, it pulled back to 0.0092–0.0094 to consolidate—not a fake pump on a single candle.
Assessment: Open interest in notional terms rose from about 2.3M overnight to about 3.0M (+30%); funding rates remain positive, with longs paying to add positions. Rising volume alongside new positions suggests someone is snapping up AI tokens on the Solana side as risk appetite collapses. If volume and OI both turn down, the outperformance could be wiped out quickly.
#Nasdaq plunges 5.5% #SolanaLabs launches Leap trading app
Event: The sharp overnight drop in the Nasdaq spread to crypto, with $BTC down about 6.2% on the day and $ETH about 8.5%; $ACT 23 first plunged below the daily low of 0.00858, then posted eight consecutive green candles this morning, with a single 09:00 candle trading about 2.06 million U to reach a daily high of 0.009705.
Price: Up about 7.3% on the day, outperforming BTC by more than 13 percentage points; after spiking, it pulled back to 0.0092–0.0094 to consolidate—not a fake pump on a single candle.
Assessment: Open interest in notional terms rose from about 2.3M overnight to about 3.0M (+30%); funding rates remain positive, with longs paying to add positions. Rising volume alongside new positions suggests someone is snapping up AI tokens on the Solana side as risk appetite collapses. If volume and OI both turn down, the outperformance could be wiped out quickly.
#Nasdaq plunges 5.5% #SolanaLabs launches Leap trading app
