【September 30 OKX Volatility List｜Market spikes up and down, new coins steal the show】
Today the market had that familiar feeling again.
BTC fluctuated between about 82,900 and 85,600 within the day, making it uncomfortable both ways.
Mainstream coins showed no clear direction, with minor gains or losses, while the top gainers were dominated by new coins.
The most extreme today was CT.
Just recently launched on spot trading, it surged directly by +395.15%, with 24h trading volume around $14.486 million, unsurprisingly taking first place on the gainers list.
OKX launched both CT spot and perpetual contracts today, also running a trading event to share 1 million CT tokens, plus a wallet trading event sharing 2.5 million tokens. The new coin plus events together pushed the hype up.
Following were:
NIGHT +15.64%
BERA +13.65%
STX +11.81%
PHA +11.62%
But on the other side, reality is clear:
XDP, which was still being discussed yesterday, dropped -10.59% today, yet its 24h volume was still $72.54 million, even ranking among the top volumes on the platform.
This is typical: events can bring volume but don’t necessarily support the price.
My impression from today’s list is:
The market is spiking, old coins lack direction, new coins continue to steal the spotlight.
When the market lacks direction, the leaderboard gets livelier.
The spikes hit the market, the cuts fall on those chasing highs.
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