OMNI surged roughly
↗19%
over the past week with trading volume exploding
↗309%
, though wild price swings and selling pressure keep the picture mixed.
Sharp moves in both directions
The price climbed after falling roughly
↘15%
over the past month and
↘68%
over the past year, while daily price swings reached 37% and volume dropped
↘62%
in the past 24 hours.
Outpacing similar projects
OMNI moved roughly
↗25%
ahead of other Layer 1 projects over the past week, with the broader category down roughly
↘5%
over the same period.
Supply remains locked
Essentially all tokens remain locked or held outside of circulation, with less than 1% available for trading, which can amplify price swings.
Selling pressure persists
More people are selling than buying, with roughly 1.6 sellers for every buyer over the past 24 hours, creating downward pressure.