At 3 a.m., $RARE suddenly shot up.
It gained 84.3% in 24 hours, climbing from 0.00864 all the way to a high of 0.01632. It’s currently at 0.01592.
The wildest move came during the 03:00 hour, when 459 million tokens traded in a single hour. Usually, it’s only around one or two million an hour—that’s a 200-fold surge in volume. The price shot up in a single candle from 0.0084 to 0.015.
Just yesterday, this token hit a new all-time low of 0.008266. Basically, someone yanked it straight off the floor.
I looked around, but couldn’t find any new announcements or positive news.
Here’s the background: $RARE ’s token unlocks ended a long time ago, so no more tokens will be released. NFT trading volume also picked up in August. Its market cap is only $16 million, so it’s a pretty lightweight asset—just a bit of capital can set it off.
The broader market is still heading down. This rally has no news behind it, so chasing it could mean catching a falling knife. Best to just watch and not get carried away.
#RARE #SuperRare #NFT
It gained 84.3% in 24 hours, climbing from 0.00864 all the way to a high of 0.01632. It’s currently at 0.01592.
The wildest move came during the 03:00 hour, when 459 million tokens traded in a single hour. Usually, it’s only around one or two million an hour—that’s a 200-fold surge in volume. The price shot up in a single candle from 0.0084 to 0.015.
Just yesterday, this token hit a new all-time low of 0.008266. Basically, someone yanked it straight off the floor.
I looked around, but couldn’t find any new announcements or positive news.
Here’s the background: $RARE ’s token unlocks ended a long time ago, so no more tokens will be released. NFT trading volume also picked up in August. Its market cap is only $16 million, so it’s a pretty lightweight asset—just a bit of capital can set it off.
The broader market is still heading down. This rally has no news behind it, so chasing it could mean catching a falling knife. Best to just watch and not get carried away.
#RARE #SuperRare #NFT
