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Alphractal: Trading volume surges for SIREN and APE with over 2.8M trades each
Alphractal, industry influencer, reports that trading activity for SIREN and APE has soared over the weekend. Both tokens have each recorded more than 2.8 million trades, outpacing Bitcoin by more than threefold in trade volume.
According to Alphractal, this surge in trades is driven by high-frequency trading bots and strong interest on major crypto exchanges Bybit and Binance.
Joao Wedson has previously observed that bitcoin addresses holding over 10,000 BTC have remained stable for several years, with little change in large-balance wallets over this period. In a separate analysis, Wedson noted that short-term bitcoin holders have been selling, while long-term holders are accumulating in line with typical bear market patterns. These earlier trends contrast with the recent surge in activity seen for SIREN and APE.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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