🚨 ARKM‘s Sudden Sizzle: Did the Altcoin’s 55% Rally Fizzle Out? 🚨
Good heavens, darling! ARKM was absolutely on fire yesterday, surging a whopping 55% after securing a listing on the esteemed South Korean crypto exchange Upbit! But, alas, it appears the altcoin’s gains were as fleeting as a debutante’s smile at a high-society ball.
According to a March 11 X post, Upbit Korea announced that it had added the altcoin to its USD market, with trading commencing at 16:00 KST on Tuesday, March 11, 2025. One can only imagine the excitement among the crypto crowd as they scrambled to get in on the action!
Arkham (ARKM) formed a “god candle,” shooting up from $0.47 to $0.70 within a mere 10 minutes following the announcement. Its market cap exceeded $220 million at that time, while its daily trading volume hovered around $154 million. Talk about a hot mess!
The gains also coincided with the launch of Akham Exchange in China on the same day, which, one supposes, sparked significant interest among the altcoin’s community. After all, who wouldn’t want to get in on the ground floor of a crypto revolution?
Arkham Exchange, launched by Akham Intelligence in November 2024, offers spot and perpetual trading services, integrating advanced analytics and real-time market data tools. Because, clearly, what the world needs is more complexity in the world of cryptocurrency.
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The MACD and signal lines remain close to each other and below the price level, indicating weak bullish momentum. This is reinforced by a Relative Strength Index reading of 37, well below the neutral 50 mark. Ah, the weakness of it all!
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Meanwhile, social sentiment toward the altcoin has recently turned positive, notably due to the recent developments. Because, let’s face it, social media is the pulse of the crypto world these days.
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2025-03-12 10:18