1 month ago
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Key Takeaways
- XMR gained 10% as volume tripled.
- One KuCoin pair carried most volume.
- THORChain’s Monero rollout remains on hold.
- Daily RSI climbed above 84, raising risk.
XMR outpaces every top-20
At 10:02 UTC on August 31, CoinGecko placed Monero near $532.29, up 10% over 24 hours and 22% over seven days. No other altcoin among the 20 largest cryptocurrencies by market value matched its daily gain.
Rolling 24-hour volume reached approximately $240.7 million, a 255% increase from the previous day. That implies an earlier comparison base of roughly $67.7 million and helps explain why the percentage change looks so dramatic. XMR’s market capitalization stood near $10 billion, making the latest turnover equivalent to about 2.4% of its market value.
The higher volume shows that more trading accompanied the price advance, but it does not represent $240.7 million of new investment. Every completed trade adds to the figure, and the same coins can ch...
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