ARK Token Surges 20% Amid Short Seller Pressure and Volatility After Parabolic Price Spike

ARKUSDT experienced heightened volatility over the past 24 hours, primarily driven by a sharp increase in short positions as indicated by a negative funding rate of -0.40% on Binance and increased trading volume across major exchanges. This volatility followed a recent parabolic price spike and subsequent pullback, with sellers exerting control after the price reached a high of $0.7500 and then dropped toward key support levels. Social media and analysis posts highlighted the rapid price movements and suggested further downside risk if support at $0.5300 was breached, contributing to increased short activity and market uncertainty.

Currently, ARKUSDT is trading at $0.5002 on Binance, reflecting a 20.39% increase over the past 24 hours from an open of $0.4155. The asset saw a 24-hour high of $0.55250 and a low of $0.3808, with trading volumes reported between $257,100 and over $408 million. Market capitalization estimates range from $73 million to $97 million, with a circulating supply of approximately 189 million ARK.