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Ethereum, Solana, XRP, BNB, memecoins and new listings: the altcoin stories traders are watching today.
Arthur Hayes, through Maelstrom, has exited its directional crypto positions and taken profits on Ethereum, Ethena, Uniswap and other tokens. On-chain analysts are tracking about $26 million in related token sales. Hayes pointed to rising macroeconomic and geopolitical uncertainty as the reason, so traders may watch whether other large holders follow.
BMT is one of the biggest movers among the most traded coins today, up 59.7% to $0.03642 with $281.8M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
JCT is one of the biggest movers among the most traded coins today, up 66.6% to $0.007011 with $309.0M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
IRYS is one of the biggest movers among the most traded coins today, down 37.4% to $0.04746 with $2.35B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
The funding rate on IN perpetual futures is −1.655% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
Q is one of the biggest movers among the most traded coins today, down 34.8% to $0.079716 with $140.0M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Santiment reported that about 169,770 ETH left centralized exchanges on net in one day on Oct. 23, the largest daily withdrawal in over four months. That outflow was worth roughly $407 million at a $2,400 reference price, while October ETF losses topped $1 billion, so traders may weigh both signals.
ORDER is one of the biggest movers among the most traded coins today, up 154.8% to $0.08128 with $148.2M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
The funding rate on ORDER perpetual futures is −0.932% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
IN is one of the biggest movers among the most traded coins today, up 87.6% to $0.05173 with $142.8M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
BMT is one of the biggest movers among the most traded coins today, up 46.4% to $0.04085 with $165.7M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Franklin Templeton moved $150 million of fund shares into a single wallet on the XRP Ledger. Two subscriptions on Thursday nearly quadrupled the fund's tokens on the network. For traders, it shows large institutional money flowing through XRP's network, though the receiving wallet is tied closely to the issuer.
The funding rate on BMT perpetual futures is −1.632% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
MAGMA is one of the biggest movers among the most traded coins today, down 41.8% to $0.29824 with $169.3M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
BIRB is one of the biggest movers among the most traded coins today, up 188.1% to $0.17202 with $610.8M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
The funding rate on BIRB perpetual futures is −0.697% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
The funding rate on BTW perpetual futures is −0.867% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
IRYS is one of the biggest movers among the most traded coins today, up 264.8% to $0.09868 with $2.87B traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
AGT is one of the biggest movers among the most traded coins today, up 37.9% to $0.09172 with $194.2M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
Initia has suspended its layer-1 network and its rollups after security researchers spotted unauthorized token minting. Reports say millions in assets were moved to Ethereum, with total losses reportedly above $2.6 million. For traders, the incident is a reminder that security failures in smaller blockchains can halt activity and hit token prices quickly.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
