ALLO surged roughly
↗15%
over the past week following a
reported 6X monthly price move and the
mainnet upgrade to v0.17, even as selling pressure remains elevated.
Mixed signals across the market
The number of unique traders jumped roughly
↗76%
in the past 24 hours while trading volume declined roughly
↘64%
over the past week, with approximately 2x more sellers than buyers over the same day.
Trading activity showing contrasts
More people are participating in trading, but the total amount being traded has fallen, creating an unusual pattern in market activity.
Limited supply in circulation
Only about 20% of the total token supply is available for trading, with the remaining 80% yet to enter circulation.
Futures market activity cooling
Futures market interest edged down roughly
↘1.83%
with borrowing costs for leveraged positions at approximately 6.3% annually.