SAPIEN price rose roughly
↗4%
over the past week ahead of the
scheduled token unlock on September 20 representing approximately $2M worth of tokens.
Trading activity rises amid selling pressure
Trading volume increased roughly
↗9%
over the past week while the asset traded near its 24-hour high as of the latest snapshot, even as the market showed 2.5 times more sellers than buyers over the past 24 hours.
Token unlock approaching this month
The scheduled token unlock
represents approximately $2M, or roughly 11% of current market value, while market value increased roughly
↗3%
over the past 24 hours.
Exchange access expands in Indonesia
The INDODAX exchange listing
in February expanded access to Indonesia's largest trading platform, paired with local currency for easier trading.
Market-wide trading patterns shift
Market-wide forced closures over the past 24 hours showed 1.5 times more short positions than long positions, while borrowing costs remained at approximately 0.01%.