The broader market is still falling, but Binance has suddenly seen a big green candle. $INIT was still hovering around 0.104 at 1 p.m. Trading volume picked up at 2 p.m., and over the next three hours it surged to 0.147, up 41% in 24 hours—the biggest gain on the market. Even more striking was the volume: it had been trading just over $100,000 an hour, but in the hour ending at 4 p.m. it hit $3.25 million, more than 20 times higher. Meanwhile, $BTC was still hovering around 64,800, down 3.3% over 24 hours, while SOL, DOGE, and UNI fell 6–9%. When a small-cap coin suddenly sees a huge volume spike in a weak market, either someone with money knows something first, or someone is pumping the price to find buyers. Daily trading volume is only a little over $10 million, and with such a small market cap, it can fall just as fast. If you want to take a punt, use only pocket money. Don’t chase it at the top, and definitely don’t use leverage.
