Yuanbao Data Daily | INIT surged to 3.3x in three days, then fell back near its starting point on day three
The hardest number today: Binance spot INIT/USDT, down 56.3% over the rolling 24 hours, with a trading volume of about $38.84 million (12:44 Beijing time).
Breaking it down by UTC daily candles:
1. November 9 opened at 0.1204;
2. November 11 reached a high of 0.3950, 3.3 times the November 9 opening price;
3. On November 11, it opened at 0.2751 and closed at 0.1342, giving back most of its surge in a single day;
4. It is now at 0.1344, up 11.6% from the November 9 opening price.
Now for the broader market: of the 713 USDT trading pairs on Binance spot, 159 rose and 548 fell over 24 hours; among the 24 with trading volumes above $20 million, 7 rose.
How to use this: when you see “a coin multiplied several times in three days,” pull up the daily candles and find the opening price on the day the rally began, then check how far the current price is from it. The closer it is, the more of that rally has been given back.
No judgment on the cause, no prediction of direction. Data source: Binance spot public market data.
What does today’s number tell you—can you make sense of it, or does it just look “big”? Reply “break it down” if you can’t make sense of it.
Follow me for 【Yuanbao Data Daily】every day at 12:45: just hard numbers with verifiable sources—no predictions and no advice on whether prices will rise or fall.
$INIT
The hardest number today: Binance spot INIT/USDT, down 56.3% over the rolling 24 hours, with a trading volume of about $38.84 million (12:44 Beijing time).
Breaking it down by UTC daily candles:
1. November 9 opened at 0.1204;
2. November 11 reached a high of 0.3950, 3.3 times the November 9 opening price;
3. On November 11, it opened at 0.2751 and closed at 0.1342, giving back most of its surge in a single day;
4. It is now at 0.1344, up 11.6% from the November 9 opening price.
Now for the broader market: of the 713 USDT trading pairs on Binance spot, 159 rose and 548 fell over 24 hours; among the 24 with trading volumes above $20 million, 7 rose.
How to use this: when you see “a coin multiplied several times in three days,” pull up the daily candles and find the opening price on the day the rally began, then check how far the current price is from it. The closer it is, the more of that rally has been given back.
No judgment on the cause, no prediction of direction. Data source: Binance spot public market data.
What does today’s number tell you—can you make sense of it, or does it just look “big”? Reply “break it down” if you can’t make sense of it.
Follow me for 【Yuanbao Data Daily】every day at 12:45: just hard numbers with verifiable sources—no predictions and no advice on whether prices will rise or fall.
$INIT
