According to Mars Finance, data from April 2nd shows that the STO Token has increased by as much as 2,458% (equivalent to 25.5 times) in 8 days, from $0.0727 to a peak of $1.86 (price on Binance).
However, within just 30 minutes, the STO unexpectedly "flash crashed" by 70%, falling to a low of $0.528. Currently, the price is trading below $0.20, a 70% drop in 24 hours.
Notably, while Bitcoin and Ethereum are still in a downtrend, some altcoins that have been dormant for a long time are starting to show signs of activity again.
According to the list of rapidly rising Token on Binance, the top 5 gainers (including STOs) all share a similar pattern:
- Sideways or downward trend in the long term.
- Started to surge sharply in the last 4–6 days.
- Then they all dropped simultaneously following the collapse of STO.
Specifically:
- NOM: surged sharply from 6 days ago, reaching a maximum increase of 590%, then fell 27% after 17:20.
- SOLV: increased from 4 days ago, reaching +137%, then decreased by 26%.
- D: increased from 5 days ago, reaching +180%, then decreased by 29%.
- HEMI: increased from 5 days ago, reaching +67%, then decreased by 14%.
This development shows that speculative money is returning to small altcoins, but also withdrawing very quickly when there is strong volatility.
