ICNT surged roughly
↗9%
over the past 24 hours following a
new exchange listing announcement, though low market depth is amplifying price swings.
Trading activity surges amid volatility
Trading volume jumped roughly
↗157%
over the past 24 hours and
↗364%
over the past week, while the asset showed a 38.6% intraday price range, reflecting the low market depth that can amplify price movements.
Selling pressure remains elevated
More people sold than bought over the past day, with the price down roughly
↘30%
over the past week despite the recent daily bounce, indicating mixed short-term sentiment.
Leveraged trading interest rising
Investor interest in leveraged positions rose, with funding rates at approximately 0.01% (around 11.6% annualized), indicating neutral positioning costs as trading activity picked up.
Supply dynamics to watch
Only 36% of the maximum supply is currently in circulation, with the fully diluted value roughly 2.8 times the current market value, indicating potential future supply increases.