beam is the rare pump this week with an actual reason behind it
when the binance hack hit, the attacker walked off with a huge pile of beam. instead of waiting for that bag to get dumped, beam's admin multisig burned all of it out of the hacker wallet. that overhang is just gone
my take, the reason is real but the move is mostly leverage. futures volume has been running way bigger than spot, so a lot of this is traders chasing, not holders buying. it has tapped 0.0053 twice now and got sold bo...