HEMI is making some interesting moves in the market today. Ranked No. 496 with a market cap of $54.05M, it's too early for this one but look at the volume. At $20.84M, the volume-to-market cap ratio is high at 38.57%, indicating action even with the smaller cap.
The supply is 10B HEMI with no predetermined max, and 977.5M already in circulation. Although the fully diluted valuation is more than $553M, levels currently indicate there's still a discrepancy between potential and realized value.
On-chain flows show a net outflow of -19.89M, primarily from medium and small holders, while big wallets are adding silently with a net inflow of 2.18M. That's something to monitor.
@Hemi recent high of $0.19 and low of just $0.015 within the past two months show how volatile this asset can be—but it’s also a sign of growing interest and liquidity.
Available on Binance, $HEMI is clearly in a price discovery phase, and the next few weeks could bring more clarity on where it's headed.