YB Token Experiences Uniform Activity During Post-High Correction
YB, ranked No. 647 market cap at the moment, has come into the limelight of Binance users after a phase of sudden price action and constant trading volume. With a market capitalization of $36.47 million and a daily volume of $118.5 million, the token enjoys a healthy turnover rate with a volume-to-market cap ratio of more than 324 percent — reflecting active utilization despite its smaller size in the overall market.
The token reached its all-time high price of $0.94 only five days ago on October 15, but since that moment, $YB has experienced a big pullback to a low of $0.41 as of October 20. Such an extreme price move within such a short period is bound to appeal to short-term traders and more long-term speculators attempting to catch the market at the bottom.
YB's circulating supply is presently at approximately 87.9 million tokens, which is merely around 8.8 percent of its total supply of 1 billion. This fairly lower circulating supply, added to a fully diluted market capitalization of $414.9 million, implies that there can be further volatility as new tokens are added to circulation at a gradual pace.
Binance order flow data reveals a balanced market, with limited outflows on large, medium, and small trades. Total net outflows amounted to a mere 1.67 million tokens, suggesting selling pressure is limited but not catastrophic. The platform concentration also stands at 8.19, which suggests limited centralization of holdings or trading activity.
As price discovery still goes on and the market absorbs the recent highs and lows, YB is worth keeping an eye on. It's relatively early in its cycle, and Binance traders are obviously interacting with it at scale.
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