$AVAX surged +4.79% in the past hour, rocketing to the top of the 1-hour gainers list. But zoom out, and it’s up just +0.2% over the past 7 days—basically all that earlier effort came to nothing 😳 The next two, $ARB and $TAO , gained +2.97% and +1.88%, respectively.
Meanwhile, BTC is down -1.50% over 24 hours, and the broader market is falling. AVAX’s sudden move seems to be coming from its own momentum, possibly related to news that the NYSE plans to use the Avalanche blockchain to settle tokenized stocks. Its futures open interest rose +8.7% in the past hour, and its 24-hour trading volume is also 2.0 times its daily average over the past 7 days—there’s definitely money pouring in for the short term.
Still, it’s currently 24.3% below its 30-day high of 11.12, and only 8.2% above its 30-day low of 7.773, so it’s still hanging out near the bottom. If you’re holding AVAX, are you still holding on?
Meanwhile, BTC is down -1.50% over 24 hours, and the broader market is falling. AVAX’s sudden move seems to be coming from its own momentum, possibly related to news that the NYSE plans to use the Avalanche blockchain to settle tokenized stocks. Its futures open interest rose +8.7% in the past hour, and its 24-hour trading volume is also 2.0 times its daily average over the past 7 days—there’s definitely money pouring in for the short term.
Still, it’s currently 24.3% below its 30-day high of 11.12, and only 8.2% above its 30-day low of 7.773, so it’s still hanging out near the bottom. If you’re holding AVAX, are you still holding on?
