New on-chain tokens are moving again. $FOREST (BSC) is up 87.61% in 24h.
With a market cap of just $15.25 million, it’s a low-cap token where even a small amount of capital can cause sharp volatility.
There are three things to watch with tokens like this: whether trading volume can be sustained, how concentrated holdings are among top addresses, and whether the project has any upcoming catalysts.