As of 12:30 PM on the 2nd, the domestic cryptocurrency market showed a mixed trend. While buying pressure was concentrated on some tokens, a clear downward trend also emerged, indicating divided investor sentiment.
According to Bonanza Lab data, Tether (USDT) attracted strong buying interest on Upbit and Coinone. Subsequently, TRON (TRX) gained attention on Upbit, while Ethereum (ETH) and XRP recorded notable net buying on Coinone. This reflects investors' focus on cash assets or stable large-cap assets.
In terms of price increases, FLOCK showed notable strength on Bithumb market. With a surge in investor interest, its price rapidly increased, and the token also ranked high in trading volume. Additionally, INDEX and RLY rose on Coinone, while PRIME and ZKL followed on Coinone.
Conversely, POKT recorded a significant decline on Upbit among top falling tokens. Despite remaining in the top trading volume, it showed a steep downward trend due to negative investor sentiment. At the same time, mid-to-small cap altcoins like EVER, LWA, HVH, and NPT showed weakness on Coinone.
In terms of trading volume, WCT dominated on Upbit, drawing market attention. POKT, SNT, and XRP also ranked high in trading volume, while FLOCK entered the top ranks on Bithumb, contributing to trading activity.
Currently, the market is showing both speculative demand for specific surging tokens and selective buying of assets aimed at medium to long-term holding. Careful investment timing is necessary while paying attention to concentrated buying and increased volatility.
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