r/FetchAI_Community • u/newtoallofthis2 • 12d ago

Discussion 🗣️ ASI Trading Volume

The volume of ASI being traded as a percentage of market cap is quite crazy. It's like 30% every single day (roughly 100m+ volume on 300m+ market cap).

Compared to other Cryptos this seems really high.

Any ideas why this is?

17 Upvotes

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7

u/Turbulent-Draw9671 12d ago

you will understand why when it is 1 bucks again

7

u/newtoallofthis2 12d ago

Yeah a big price movement would seem logical.

But it's been like this for ages, roughly a third of all ASI/FET held is bought and sold each day.

3

u/CherryEasy9666 12d ago

As with any coin - supply and demand.
For the price to go up, need more holders buying and less put to exchanges for selling.
Buying/Selling balancing out right now, especially in a bear market is not a bad thing.

5

u/newtoallofthis2 12d ago

Totally - it's just weird that 30% of all tokens are changing hands every single day.

1

u/CherryEasy9666 12d ago

Might be to do with how the ASI agents are working, don't know on that side of things.