Recovery Signs for SEC-Targeted Tokens: Trading Volume Increases

By Wyatt Newson Aug 16, 202345Views

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Key Points:

SEC filed lawsuits against Binance.US and Coinbase, targeting 19 cryptocurrencies
Market value of the tokens dropped by roughly $20 billion
Trading volume for these tokens has increased
Tokens are being delisted by some platforms
Tokens’ increased trading volume could be attributed to higher price volatility

Your Hot Take:

Despite the SEC lawsuits and the drop in market value, the 19 tokens targeted by the SEC are showing signs of recovery. Trading volume for these tokens has increased, suggesting that traders are still interested in them. The recent court ruling in Ripple’s legal case against the SEC may have contributed to traders’ interest in these securities tokens. The potential for higher price volatility compared to the broader market could also be attracting traders. While some tokens have shown recovery, others are still down. Overall, the situation remains dynamic, and it will be interesting to see how it evolves in the coming months.

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Wyatt Newson

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