Variation Market Interpretation
This indicator is used to monitor abnormal fluctuations such as sudden spikes and drops in token and to analyze and interpret them in conjunction with the market.
Toncoin (TON) is now quoting at $2.05, up 4.7% in 24 hours
KingData News: CoinGecko sentiment data shows that Toncoin (TON) price rose to $2.05, up 4.7% in 24 hours, and is currently ranked 23rd in total market capitalization. In previous news, cryptocurrency investment firm Cypher Capital announced a $10 million capital injection into TON.
FTT Price Rises Briefly to $1.86, up 36.7% in 24 Hours
KingData News: CoinGecko data shows that FTT rose briefly to $1.86, a 24-hour gain of 36.7%. As previously reported, CNBC host Ran Neuner tweeted that if an FTX exchange is launched and new FTT tokens are issued and distributed to creditors/depositors, 100% of the profits will be distributed to the token holders. It will be the largest exchange in the world and users will be able to recoup more of their losses. the SBF said I hope the existing team will do so.
WEMIX has fallen to $0.1489, a 24-hour drop of 75.7%
KingData News: WEMIX has fallen to $0.1489, a 24-hour decline of 75.7%. A South Korean court has denied a temporary injunction sought by Wemade subsidiary Wemix PTE against "crypto exchanges such as Upbit for taking down WEMIX". Previously, Upbit, Bithumb and 5 other major Korean exchanges announced that they would take Wemix offline due to it submitting more offerings than planned.
HAY opens repo destruction process, now quoted at $0.82
KingData News: HAY is now quoted at $0.82, down 7.70% in 24 hours. Helio, the HAY issuer that suffered losses in the previous aBNBc incident, announced in a tweet that it has begun the process of buying back and destroying the first batch of HAY, but that the planned buyback of excess HAY to be completed by 12:00 p.m. on December 6 may not achieve its goal of restoring the HAY price to the U.S. dollar or at least close to $1.
GAL breaks $1.60 briefly, up 32.36% in 24 hours
KingData News: According to CMC market data, GAL briefly broke $1.60 and is now quoted at $1.65, up 32.36% in 24 hours. Galxe（GAL） is the world's leading Web3 credential data network and was launched on April 28, 2022, on Binance Launchpool. Previously, Binance officially announced that it would go live with the Web3 social network project Hooked Protocol.
CRV Now Quoted at $0.5228, Curve Founder Adds 20 Million CRV Pledged Assets to Avoid Liquidation
KingData News: CRV now quoted at $0.5228, up 17.8% in the short term. Lookonchain, an on-chain analyst, tweeted that the massive sell-off of the giant whale address ponzishorter.eth has caused CRV prices to plummet and many users who use CRVs as collateral will face liquidation. Curve's founder, who previously used CRVs as collateral to borrow against USDC and was also facing liquidation, added 20 million CRVs to its collateral assets three hours ago to avoid liquidation.
A giant whale address is suspected to be shorting CRV, which is now quoted at $0.449
KingData News: CRV is now quoted at $0.449, down 10.91% in 24 hours. On-chain analyst Lookonchain posted that a giant whale address borrowed 20 million CRVs (about $9.9 million) from Aave and transferred 10 million of those CRVs (about $4.9 million) to OKX. In the last seven days, the address has lent 37 million CRVs from Aave, while the CRV price has fallen from $0.625 to $0.464. It appears that the address is making a profit by shorting and selling off the borrowed CRVs.