Vaulta drops 20% in 24 hours to a new all-time low, while trading volume surges 4 times.

【Crypto World】Vaulta has been making quite a splash recently. Over the past couple of days, it experienced a fierce sell-off, with a decline of over 20% within 24 hours, hitting a record low and briefly dropping below $0.14. It sounds grim, but trading volume actually exploded—daily trading volume surged over 400%, reaching $128 million. Such a high trading volume combined with a low price is indeed rare.

The signals on the market are also not optimistic. The optimistic atmosphere after the brand update has vanished, coupled with the overall unfavorable environment of the crypto market, causing technical indicators to turn mostly green. Looking at the data, the open interest has shrunk to $13 million, indicating that market sentiment is indeed loosening. Whether this position is the bottom or if the decline will continue depends on whether buyers can be found in the subsequent stages.