【Crypto World】Vaulta has been making quite a splash recently. Over the past couple of days, it experienced a fierce sell-off, with a decline of over 20% within 24 hours, hitting a record low and briefly dropping below $0.14. It sounds grim, but trading volume actually exploded—daily trading volume surged over 400%, reaching $128 million. Such a high trading volume combined with a low price is indeed rare.
The signals on the market are also not optimistic. The optimistic atmosphere after the brand update has vanished, coupled with the overall unfavorable environment of the crypto market, causing technical indicators to turn mostly green. Looking at the data, the open interest has shrunk to $13 million, indicating that market sentiment is indeed loosening. Whether this position is the bottom or if the decline will continue depends on whether buyers can be found in the subsequent stages.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
MevSandwich
· 1h ago
This wave of Vaulta is really amazing; the trading volume is so strong but the price has dropped to a dog... It still remains to be seen whether it's a dump or a bottom-fishing.
View OriginalReply0
View More
0xSunnyDay
· 1h ago
Low price, high transaction volume. I've seen this trick too many times, just waiting to see who will take the bait.
View OriginalReply0
PaperHandSister
· 1h ago
This wave of selling is quite fierce. High transaction volume at low prices is just clearing out the chips.
View OriginalReply0
SleepyArbCat
· 2h ago
Wake up... another dump? 1.28 billion in trading volume with a 20% drop, this tactic looks a bit familiar.
View OriginalReply0
crok
· 2h ago
here always down :(
Reply0
MoonWaterDroplets
· 2h ago
It's another funeral procession of bagholders. Who would dare to buy the dip with such a heavy sell-off?
Vaulta drops 20% in 24 hours to a new all-time low, while trading volume surges 4 times.
【Crypto World】Vaulta has been making quite a splash recently. Over the past couple of days, it experienced a fierce sell-off, with a decline of over 20% within 24 hours, hitting a record low and briefly dropping below $0.14. It sounds grim, but trading volume actually exploded—daily trading volume surged over 400%, reaching $128 million. Such a high trading volume combined with a low price is indeed rare.
The signals on the market are also not optimistic. The optimistic atmosphere after the brand update has vanished, coupled with the overall unfavorable environment of the crypto market, causing technical indicators to turn mostly green. Looking at the data, the open interest has shrunk to $13 million, indicating that market sentiment is indeed loosening. Whether this position is the bottom or if the decline will continue depends on whether buyers can be found in the subsequent stages.