On Binance, the world's largest cryptocurrency exchange, sudden changes in the prices of some altcoins have occurred. While many tokens like ACT experienced sharp declines, the altcoin BIGTIME drew attention with its unexpected rise.
Sharp Declines of Altcoins on Binance
Some altcoins on Binance, including ACT, TST, MASK, LEVER, TUT, DF, and AIXBT, experienced significant price drops exceeding 50%. These events have raised concerns among traders and analysts observing the market.
Unexpected Rise of BIGTIME Token
Contrary to the general trends, the BIGTIME token associated with the Blockchain gaming project Big Time, suddenly increased by over 60% in recent hours. While 37% of the trading volume was concentrated on South Korea's largest exchange Upbit, 18% was seen on Gate. The BIGTIME price rose to $0.09 before giving back most of its gains, continuing to trade at $0.065.
Decline of CATI Token
While BIGTIME was on the rise, the Catizen (CATI) token listed on Binance experienced a significant decline. CATI, the token of the TON minigame Catizen, has dropped more than 20% in a short time.
Situations in the altcoin market remain tense with sharp trend shifts. Analysts continue to seek reasons behind such changes, including potential impacts from major market players.
