Hey traders! Let's talk about the status of $BB after the Binance hack. There's been some movement and things are a little more interesting than they seem at first glance:
1) Price Drop: 📉 BB is down over 13% in the last 24 hours, currently at 0.3712 USD per token.
2) Declining trading volume : There is still some action with 24-hour trading volume of $190 million. Here's the bottom line: This means a trading volume/market capitalization ratio of over 1.28! That means that in the last 24 hours, the total amount of BB traded was more than its total market capitalization. That's a lot of activity for a coin that just joined a new exchange. 🥸
3) Market capitalization slide: BB's market capitalization has declined from its peak and is currently at around $148 million.
4) Chillin' Outflow: Cashflow analysis shows over 15 million BB (or over 5 million USD) outflow in the last 24 hours. Basically, there are more people selling than buying right now. 💸
So, what does it all mean? It's a mixed bag. Falling prices and cash outflows suggest some post-listing profit-taking. But that HUGE trading volume/market capitalization ratio indicates serious concerns and potential volatility. #BB may be consolidating or preparing for another pump.
Keep an eye on everything! This could be a wild ride. See if BB bounces back or if this chill continues.
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