ARKM's roughly
↗13%
monthly gain is being tested by selling pressure over the past week, with the token down
↘4.46%
and underperforming DeFi peers.
Mixed signals creating uncertainty
ARKM gained roughly
↗13%
over the past month but declined
↘4.46%
over the past week, underperforming the DeFi category which averaged
↗7.05%
weekly gains, while selling pressure intensified.
Selling pressure dominates recent activity
More people are selling than buying, with 1.56 times more sellers than buyers, and blockchain data shows investors are selling at a loss as coins move to exchanges.
Trading activity picks up
Trading activity jumped roughly
↗23%
over the past 24 hours and
↗9%
over the past week, suggesting increased interest despite the price decline.