microduck, a meme project on the Robinhood chain, posted a sharp intraday spike on Aug. 31, according to GMGN market data. The token climbed from around $0.013 to an intraday high of about $0.0188, with its gain at one point exceeding 40%. At that peak, its market capitalization was close to $19 million. The move did not hold for long. After the surge, the token quickly gave back part of its gains and fell back to around $0.0145. Its market capitalization also dropped to about $14.55 million. Based on the figures provided, that put the token roughly 23% below its session high. The move highlights a brief but pronounced burst of volatility in microduck trading during midday hours.
microduck, a meme project on the Robinhood chain, saw a sharp midday surge on Aug. 31, according to GMGN market data. The token climbed from around $0.013 to a high of about $0.0188, with gains at one point topping 40%. Its market capitalization briefly approached $19 million.
The rally was followed by a quick pullback. microduck was last quoted at about $0.0145, with its market capitalization back down to roughly $14.55 million, or about 23% below the peak.
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