MMT (Momentum) fluctuates by 47.9% in 24 hours: Trading volume surges 147% driving price volatility upward
Bitget Pulse2026/04/05 12:24Volatility Brief
In the past 24 hours, the price of MMT rebounded from a low of $0.1107 to a high of $0.1637, currently trading at $0.1467, with a price swing amplitude of 47.9%. Trading volume expanded significantly to about $7.98 million, up 147.49% compared to the previous period, with clear signs of net capital inflow, accompanied by overall activity in the Sui ecosystem.
Brief Analysis of Abnormal Movements
- Surge in Trading Activity: 24-hour trading volume soared from previous lows to an increase of 115.8%-147.49%, mainly driven by centralized exchanges such as Binance, where the MMT/USDT pair contributed over $1.2 million in trading volume, propelling a short-term price spike.
- Sui Ecosystem Synergy: There are no exclusive MMT announcements, but DeFi TVL on Sui chain has exceeded $9.7 million. As a liquidity hub, MMT benefits from the overall on-chain activity on Sui, with no notable whale single large transfers observed.
Market View and Outlook
Market sentiment is technically optimistic in the short term, with traders focusing on long entry positions in the $0.13-0.14 range, targeting $0.145-0.16. However, CMC AI points out that holdings are highly concentrated (top three addresses control 68% of supply), indicating potential manipulation risk. Caution is advised regarding unlock pressure and aggravated volatility in the future.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chip Stocks Rebound Sharply: Time to Buy the Dip or Run for Safety?
Microsoft tightens AI computing power rentals! Reportedly gradually withdrawing from Oracle Cloud agreement, "new cloud" CoreWeave plunges
According to reports on Friday, Microsoft has gradually closed down its rented computing resources from Oracle in recent months because Oracle's servers are equipped with older-generation Nvidia chips, which do not meet Microsoft's technical specifications. Oracle's stock price turned negative, at one point dropping more than 5%. Oracle emphasized that demand for AI infrastructure remains strong, including demand for earlier-generation GPUs. On Thursday, it was reported that Microsoft is reconsidering its "New Cloud" partnership due to delivery delays and high costs.
Cloud providers face new headwinds: Reports say Microsoft (MSFT.US) plans to reduce partner list and build its own data centers
Sources familiar with the matter said that Microsoft (MSFT.US) plans to reduce its list of Neocloud partners, shifting its focus to collaborations with a few key suppliers and building its own data centers.
Hyperliquid drops 4% as whales take $5 million profit
Crypto prices
More
