On June 15, Andrei Grachev, managing partner of DWF Labs, tweeted that trading activity had bottomed out, with 24-hour spot trading volume at $23 billion, the lowest since the winter of 2019. Behind the scenes, exchanges started requiring projects to manage volume, liquidity, etc., or delist them. Retail activity is also low, but people want and people need something to speculate, make money (or lose money), even larger market cap coins can see 20-30% price moves in 24 hours, but Still vulnerable. IDOs, IEOs, direct listings are dead, people are waiting for something new and the Binance Launchpad project. It always boosts retail activity. If something is successful, many people will try to repeat it.
Projects, exchanges, market makers, and other market participants are all trying to fix the market (behind the scenes), Grachev said, and there is no 100% solution, but it will bring something to the market. We're at the bottom in terms of activity, but prices are uncertain. But in the meantime, with any luck, our market activity should increase within a few months, and so should prices.
Projects, exchanges, market makers, and other market participants are all trying to fix the market (behind the scenes), Grachev said, and there is no 100% solution, but it will bring something to the market. We're at the bottom in terms of activity, but prices are uncertain. But in the meantime, with any luck, our market activity should increase within a few months, and so should prices.