GWEI surged roughly
↗11%
on the
Upbit listing announcement before pulling back, as trading activity and investor positioning show mixed signals.
Mixed signals after listing surge
Price climbed roughly
↗4.79%
over the past week but declined roughly
↘7.89%
over the past 24 hours, while selling pressure remained elevated with 2.21x more sellers than buyers over the same period.
Trading activity cooling from highs
Trading volume jumped roughly
↗32.78%
over the past week following the
Upbit exchange listing, though activity cooled roughly
↘29.41%
over the past 24 hours as the initial excitement faded.
Investor positioning shows tension
Advanced trading metrics declined roughly
↘16.09%
while a negative rate of approximately -40% annualized indicates those betting on price declines are paying a premium to maintain their positions.
Limited supply in circulation
Only 17.5% of the maximum supply is currently available for trading, with 82.5% remaining locked or unvested, potentially limiting near-term selling pressure.