Small-cap tokens DOOD, IOST and MPLX posted sharp one-day gains, according to market data cited by ChainCatcher. DOOD rose 113%, IOST gained 81%, and MPLX climbed 42% over the day. The report said there were no clear positive catalysts tied to the three tokens at the time of the move.
What stood out was trading activity on South Korea-based exchange Upbit. The three tokens ranked No. 1, No. 2 and No. 6 on Upbit by trading volume, respectively. DOOD alone recorded more than $100 million in turnover on the platform, accounting for 10% of Upbit’s total daily trading volume.
Based on those figures, the report said Upbit may have been the factor behind the price surge. No other direct driver was identified in the source material.
Small-cap tokens DOOD, IOST and MPLX posted one-day gains of 113%, 81% and 42%, respectively, according to market data cited by ChainCatcher.
The report said there were no clear positive catalysts for the three tokens. Even so, they ranked No. 1, No. 2 and No. 6 on Upbit by trading volume.
DOOD recorded more than $100 million in trading volume on Upbit, equal to 10% of the exchange’s total daily volume. ChainCatcher said Upbit may have been the driver behind the move.
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