AIOT is rising gradually: up 10% in 30 minutes, with volume picking up too. An additional $160,000 has traded in the past half hour, and it’s still up 3% over the last 15 minutes.
Over 24 hours, it’s down 6%, so the daily gain is still modest; the unusual activity only started recently. 24-hour trading volume is $2.77 million, and pool liquidity is $4.19 million. Trading volume hasn’t exceeded the pool’s liquidity, so participation is moderate. Market cap is about $81.8 million, roughly 20 times the liquidity—not bad in terms of depth. There are 677,400 holder addresses.
I also took a quick look at the contracts: Binance perpetual open interest (OI) is $9.09 million, up 7.1% in 15 minutes and 5.5% in 1 hour, suggesting new positions are coming in. The funding rate is +0.0050%, which is fairly normal, with neither side particularly crowded. 24-hour contract trading volume is $14.79 million. By account count, 50% are long, and the taker buy/sell ratio over the last 5 minutes is 0.80.
What to watch next: with a token rising gradually, see whether new money continues to flow in. If volume dries up, it can easily move sideways.
$AIOT #Alpha #On-chain activity
Over 24 hours, it’s down 6%, so the daily gain is still modest; the unusual activity only started recently. 24-hour trading volume is $2.77 million, and pool liquidity is $4.19 million. Trading volume hasn’t exceeded the pool’s liquidity, so participation is moderate. Market cap is about $81.8 million, roughly 20 times the liquidity—not bad in terms of depth. There are 677,400 holder addresses.
I also took a quick look at the contracts: Binance perpetual open interest (OI) is $9.09 million, up 7.1% in 15 minutes and 5.5% in 1 hour, suggesting new positions are coming in. The funding rate is +0.0050%, which is fairly normal, with neither side particularly crowded. 24-hour contract trading volume is $14.79 million. By account count, 50% are long, and the taker buy/sell ratio over the last 5 minutes is 0.80.
What to watch next: with a token rising gradually, see whether new money continues to flow in. If volume dries up, it can easily move sideways.
$AIOT #Alpha #On-chain activity