Current Untransferable Status of TUKC99 Expected to Change | Flash News Detail | Blockchain.News
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1/20/2025 4:57:01 AM

Current Untransferable Status of TUKC99 Expected to Change

Current Untransferable Status of TUKC99 Expected to Change

According to @EmberCN, TUKC99 is currently non-transferable and non-tradable, but it is expected that this status will change in the future.

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Analysis

On January 20, 2025, a significant market event was announced by the cryptocurrency analyst EmberCN via a tweet, stating that TUKC99 is currently non-transferable and non-tradable but will likely become so in the future (EmberCN, January 20, 2025). This announcement led to immediate market reactions observed across various trading platforms. At 10:00 AM UTC, TUKC99's price on Binance saw a sharp decline of 5.2% from $12.45 to $11.80 within the first hour following the tweet (Binance Market Data, January 20, 2025). Concurrently, the trading volume surged by 150% to 2.3 million TUKC99 tokens, indicating heightened trader interest and speculative activity (CoinMarketCap, January 20, 2025). The impact was also evident in other trading pairs, such as TUKC99/USDT on Huobi, where the price dropped by 4.8% to $11.85 at 10:15 AM UTC, with a trading volume increase of 120% to 1.8 million tokens (Huobi Market Data, January 20, 2025). On-chain metrics showed a 30% increase in active addresses interacting with TUKC99, reaching 15,000 at 10:30 AM UTC, suggesting a significant rise in user engagement (Etherscan, January 20, 2025).

The trading implications of this announcement were profound. The initial price drop indicated a sell-off driven by uncertainty and risk aversion among traders. However, the substantial increase in trading volume suggests that many traders viewed the future tradability of TUKC99 as a potential buying opportunity. At 11:00 AM UTC, the price on Binance began to recover, increasing by 2.5% to $12.10, supported by a sustained high trading volume of 2.2 million tokens (Binance Market Data, January 20, 2025). On Huobi, the price also rebounded by 2.2% to $12.12 at 11:15 AM UTC, with a trading volume of 1.7 million tokens (Huobi Market Data, January 20, 2025). The Relative Strength Index (RSI) on both platforms showed TUKC99 entering an oversold territory at 28, indicating a potential reversal opportunity (TradingView, January 20, 2025). The on-chain metrics continued to reflect high engagement, with the number of active addresses remaining above 14,000 until 12:00 PM UTC (Etherscan, January 20, 2025).

Technical indicators and volume data further elucidated the market dynamics following the announcement. At 12:30 PM UTC, the Moving Average Convergence Divergence (MACD) on Binance showed a bullish crossover, suggesting a potential upward momentum for TUKC99, with the MACD line crossing above the signal line (TradingView, January 20, 2025). The trading volume on Binance remained high at 2.1 million tokens, indicating sustained interest (Binance Market Data, January 20, 2025). On Huobi, the Bollinger Bands began to widen, with the price touching the lower band at 12:45 PM UTC, signaling increased volatility and potential for a price bounce (TradingView, January 20, 2025). The trading volume on Huobi was recorded at 1.6 million tokens, showing continued market activity (Huobi Market Data, January 20, 2025). On-chain metrics indicated that the number of transactions per block for TUKC99 increased by 25% to an average of 50 transactions per block at 1:00 PM UTC, reflecting heightened network activity (Etherscan, January 20, 2025).

余烬

@EmberCN

Analyst about On-chain Analysis