๐ South Koreaโs stock market is shrinking, but Upbitโs small-cap coins are going wild: ORDER surged 165% in a day!
๐ Data (Upbit, Bloomingbit, 10/24):
โข ORDER at 117 won, up 164.71% from the previous day
โข Intraday high of 124 won, a peak gain of around 180.6%
โข 24h trading volume of about 92.5 billion won (around $66.9 million)
โข Over the same period, BTC was down about 1.4% over 24h, at around $80,520, with a neutral Fear & Greed reading of 51
๐ฐ๐ท For context: According to the Korea Financial Investment Association, brokerage investor deposits fell from a peak of 139.7 trillion won on June 4 to 88.7 trillion won, a 36.5% drop; the KOSPI fell nearly 20% in a month.
โ ๏ธ A reminder: Falling deposits donโt mean money is flowing into cryptoโthereโs no evidence directly linking the two. But from IRYS and BIRB earlier this week to ORDER now, Upbit has seen one speculative coin after another take off, suggesting Korean short-term traders are still active, but sticking to small caps.
๐ My take: Rallies in these won-denominated markets are fueled by trading volume, and they can fade as quickly as they rise (IRYS has already fallen nearly 70% from yesterdayโs high). If youโre chasing the rally, watch whether volume can hold upโand donโt bet the farm.
Do you think ORDER has another leg up, or is it already at the end of the relay race among Korean traders? Join the discussion in the comments ๐
$ORDER $BTC #Upbit #้ฉๅฝๅธๅบ #Altcoins
This is only my personal opinion and does not constitute investment advice