Altcoin Volatility Spike: Big Time Soars After Sudden Plunge

Binance’s trading activity has revealed recent volatility among altcoins. Notably, the price of ACT saw a significant drop exceeding 50%, followed by drops for TST, MASK, LEVER, TUT, DF, and AIXBT. In contrast, an unexpected surge was observed in Big Time (BIGTIIME), with its altcoin price experiencing a remarkable increase of over 60% within the past hours. 37% of BIGTIME trading volume concentrated on Upbit, South Korea’s largest exchange, while another 18% was traded on Gate. BIGTIME prices initially reached $0.09 before retracing to $0.065, currently fluctuating. While the cause behind this sudden price surge remains unknown, analysts suspect a large whale is accumulating BIGTIME tokens. Meanwhile, Catizen (CATI), linked to the TON minigame, experienced a notable decline of over 20% on Binance shortly after the aforementioned fluctuations. This volatility underscores the unpredictable nature of the altcoin market.