Markets· ★★· bullish·

KMNO rallies 24% as perpetual volume surges 544%

  • KMNO gained 24% in 24 hours with a $189 million market cap
  • Perpetual volume surged 544% to $70.81 million; total volume near $95 million
  • Short liquidations were 3.47 times larger than long liquidations
  • Sentiment reading stands at 4.39 out of 10; Whale Retail Delta fell from 0.66 to 0.17
Why it matters: Rising volume and heavy short liquidations support the rally, but a further drop in the Whale Retail Delta would leave retail dominating and raise reversal risk.
Source: AMBCrypto