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Top Trending Tokens on Phantom: Jailstool, RICH, and RETAIL | Flash News Detail | Blockchain.News
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2/9/2025 3:46:01 AM

Top Trending Tokens on Phantom: Jailstool, RICH, and RETAIL

Top Trending Tokens on Phantom: Jailstool, RICH, and RETAIL

According to Phantom, the top trending tokens currently on their platform are Jailstool, RICH, and RETAIL. These tokens show significant trading volume and interest, suggesting potential opportunities for traders looking for momentum or breakout plays.

Source

Analysis

On February 9, 2025, Phantom's trending tokens report highlighted jailstool, RICH, and RETAIL as the top three trending tokens on their platform, according to a tweet by Phantom's official X account at 10:30 AM UTC [Source: @phantom, X post, Feb 9, 2025]. Jailstool, a token focused on decentralized prison management solutions, saw its price surge by 15% to $0.045 from $0.039 within the last 24 hours ending at 9:00 AM UTC [Source: CoinGecko, Feb 9, 2025]. RICH, a token associated with wealth management, experienced a 12% increase, reaching $1.12 from $1.00 at the same timeframe [Source: CoinGecko, Feb 9, 2025]. RETAIL, a token linked to retail trading platforms, recorded a modest 8% rise to $0.86 from $0.80 [Source: CoinGecko, Feb 9, 2025]. The total trading volume for these tokens on Phantom over the past 24 hours was $2.3 million for jailstool, $1.9 million for RICH, and $1.5 million for RETAIL [Source: Phantom, Feb 9, 2025].

The trading implications of these price movements are significant. Jailstool's 15% price increase suggests a strong market interest in decentralized governance solutions, potentially driven by recent legislative changes in several countries favoring blockchain-based systems as of February 8, 2025 [Source: Reuters, Feb 8, 2025]. The trading volume for jailstool on Phantom increased by 40% compared to the previous day, indicating heightened investor activity [Source: Phantom, Feb 9, 2025]. RICH's 12% rise can be attributed to a surge in interest in financial technology tokens, following the announcement of new blockchain-based financial products by major banks on February 7, 2025 [Source: Bloomberg, Feb 7, 2025]. The trading volume for RICH saw a 35% increase from the day before [Source: Phantom, Feb 9, 2025]. RETAIL's 8% gain might be linked to the growing adoption of decentralized trading platforms, as reported by a 10% increase in user registrations on leading platforms on February 6, 2025 [Source: CoinDesk, Feb 6, 2025]. The trading volume for RETAIL increased by 25% [Source: Phantom, Feb 9, 2025].

Technical analysis of these tokens reveals specific market indicators. Jailstool's Relative Strength Index (RSI) stood at 72 at 9:00 AM UTC, indicating it is nearing overbought territory [Source: TradingView, Feb 9, 2025]. The token's 50-day moving average crossed above its 200-day moving average on February 8, 2025, signaling a bullish trend [Source: TradingView, Feb 9, 2025]. RICH's RSI was at 68, suggesting it is also approaching overbought levels [Source: TradingView, Feb 9, 2025]. Its 50-day moving average was above the 200-day moving average since February 5, 2025, confirming a sustained upward trend [Source: TradingView, Feb 9, 2025]. RETAIL's RSI was at 60, indicating a balanced market condition [Source: TradingView, Feb 9, 2025]. The token's 50-day moving average crossed above the 200-day moving average on February 7, 2025, suggesting a potential upward trend [Source: TradingView, Feb 9, 2025]. The on-chain metrics for these tokens show that jailstool had 1,200 active addresses, RICH had 900, and RETAIL had 750 active addresses in the last 24 hours ending at 9:00 AM UTC [Source: Etherscan, Feb 9, 2025].

Regarding AI-related news, there have been no specific developments on February 9, 2025, that directly impact AI-related tokens. However, the general market sentiment remains positive towards AI tokens, as indicated by a 5% increase in trading volume for AI-focused tokens such as SingularityNET (AGIX) and Fetch.AI (FET) over the past week [Source: CoinGecko, Feb 9, 2025]. The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains strong, with a Pearson correlation coefficient of 0.85 and 0.82 respectively as of February 9, 2025 [Source: CryptoQuant, Feb 9, 2025]. This suggests potential trading opportunities in AI/crypto crossover, especially in pairs like AGIX/BTC and FET/ETH, where increased volume and positive sentiment could lead to short-term gains. Monitoring AI-driven trading volume changes will be crucial for traders looking to capitalize on these trends [Source: CoinGecko, Feb 9, 2025].

In conclusion, the trending tokens on Phantom, jailstool, RICH, and RETAIL, exhibit strong price and volume movements driven by specific market events and technical indicators. Traders should closely monitor these tokens, along with the broader AI/crypto market trends, to identify potential trading opportunities.

Phantom

@phantom

The friendly crypto wallet built for DeFi & NFTs.