ALCX's locked value sits at roughly
3.5x
its market cap even as price declined approximately
↘21%
over the past month, creating an unusual disconnect between protocol usage and price action.
Foundation holding despite price pressure
The protocol maintains roughly
$29M
in locked value with 87 active addresses over the past 24 hours, showing steady usage even as price declined.
Trading activity expanding
Trading volume jumped roughly
↗35%
over the past 24 hours, reflecting active trading despite the monthly price decline.
Selling pressure elevated
Sellers outnumbered buyers by approximately 2.2-to-1 over the past 24 hours while blockchain data shows investors exiting positions at losses, with net movement toward exchanges over the same period.
Price position and context
As part of the Ethereum Ecosystem, ALCX is currently trading near its 24-hour low, positioned at roughly
17%
of its daily price range.