MLN's trading activity surged roughly
↗27%
over the past week while the market saw 2.76x more sellers than buyers over the past 24 hours, creating mixed signals for investors.
Trading activity expanding
The number of people trading jumped roughly
↗19%
in the past 24 hours, showing increased interest in the asset despite broader selling pressure.
Loss realization visible on-chain
Blockchain data shows investors selling at a loss, with the loss-realization metric at 0.9902 over the past 24 hours, indicating some holders are exiting positions below their purchase price.
Selling pressure elevated
There are 2.76x more sellers than buyers over the past 24 hours, with about 43% of all tokens sitting on exchanges and approximately $0.03M in net selling flow over the same period.
Broader market context
Across the crypto market, overleveraged short positions faced heavy squeezes over the past 24 hours, with 6.1x more shorts liquidated than longs, suggesting some traders bet too heavily on price declines.