Kusama (KSM) 24-hour amplitude 51.6%: trading volume surges over 700% and capital inflow driven by Runtime 4200 upgrade
Bitget Pulse2026/05/08 01:03Volatility Overview
In the past 24 hours, KSM price rebounded from a low of $5.00 to a high of $7.61, currently trading at $5.58, with a price swing of 51.6%. The 24-hour trading volume surged by 715.50% to $57.31 million (CoinGecko data), indicating a significant increase in market activity.
Brief Analysis of the Cause of the Movement
- Trading volume explosion: 24-hour trading volume reached $56.65 million to $57.31 million, up over 700% from the previous day, with strong buying activity pushing the price to break out.
- Effect of Runtime 4200 Upgrade: After the upgrade, funds quickly rotated into native Kusama assets, with traders chasing high-beta opportunities, directly amplifying volatility.
- Technical breakout: The price broke through the $5.40-$5.55 entry area and the $5.80 resistance level, with gains exceeding 20%.
Market Views and Outlook
Community sentiment is 89% bullish (CoinMarketCap poll), with short-term targets of $6.00-$7.00, but caution is advised regarding the $5.10 support level risk. On X, KSM ranked among the day's top gainers, with discussions highlighting that the Kusama network still has active projects supported by Moonriver and Karura.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold tumbles to near $4,200 as hawkish Fed signals and stronger US Dollar pressure bullion
AI demand surges, but the financing "credit gate" is tightening! Under the heavy pressure of the 5% U.S. Treasury yield, compute power losers are gradually emerging
As U.S. Treasury yields rise to their highest levels since 2007, the overall financing cost for AI infrastructure construction is set to become significantly higher. JPMorgan predicts that by 2030, AI-related debt will reach $4.1 trillion.
From Saving Credit Suisse to Considering Cross-border Mergers: UBS (UBS.US) Faces a "Capital Siege", Is the Next Step Joining Forces with Wall Street?
As Switzerland's largest bank faces pressure from stricter capital requirements, several major international banks have approached UBS regarding potential mergers or other collaborations.
British Pound gains as US Dollar weakens despite hawkish Fed, geopolitical tensions
Crypto prices
More
