$VOXEL surprising movement!
The rapid increase of VOXEL was triggered by a price surge of over 62% in the last 24 hours (as of 2025-05-01 UTC+0), driven by opportunistic trading actions, momentum from the trading community, and highlights from a bug incident on the exchange and alleged price manipulation that has been widely discussed in the Web3 community.
Details of Triggers and Reasons for the VOXEL Increase:
Significant Price Increase: VOXEL soared over 62% in the last 24 hours, trading at $0.123065 (as of 2025-05-01 01:30:03 UTC+0). This has raised major concerns among traders as the price of VOXEL was previously below $0.02 just two weeks ago.
Momentum Trading Action: Many users reported significant profits from the sharp price movement, with some turning $100 into $19,000 from the trading bug incident. This attracted opportunistic traders looking for large short-term gains.
Highlight of Bug Incident and Exchange Drama: The community is actively discussing the bug case on Bitget that allowed some traders to take extreme profits. Bitget's response, deemed unprofessional (accounts frozen, trades reversed), sparked waves of distrust towards centralized exchanges, pushing users towards DEX and increasing social volatility.
Price Manipulation Issues: There is a strong narrative that VOXEL's price movement on major platforms like Binance is manipulated using bots—this has attracted more capital speculators and pushed hype higher.
Increased Social Discussion: VOXEL appeared on trending lists and was widely discussed by influencers and major accounts on X (Twitter), reinforcing the FOMO effect in the Web3 community.
Conclusion: The VOXEL rally was driven by a combination of short-term trading sentiment, dramatic incidents on exchanges, massive speculation, and social amplification, but it also carries risks of volatility and doubts about its fundamental sustainability.
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