ARKM's 24-hour fluctuation reaches 43.4%: New MorganStanley tracking activity drives Arkham platform

Volatility Brief

In the past 24 hours, ARKM’s price hit a low of $0.1074 and a high of $0.1540, with the current price at $0.1253, resulting in a total fluctuation amplitude of 43.4%. Trading volume expanded significantly to $126 million within 24 hours, with a net outflow of approximately 576,000 ARKM from CEXs, translating to an overall net outflow of $463,000.

Brief Analysis of Abnormal Movements

- Arkham platform has added an on-chain tracking activity tag for Morgan Stanley. This update directly pushed the price to rebound by 40.7% from the bottom, leading to sharp volatility between 41.4% and 43.4%.

Market View and Outlook

The main sentiment in the market community is cautiously optimistic. Traders regard the current level as a local bottom, with an 8% rebound already seen. Some are optimistic about a quick retest of previous highs, but stress that support at the $0.095-$0.093 range must be confirmed; otherwise, it may further drop to $0.091.