$FORM
✅ What’s going on with FORM right now
FORM is trading around ≈ $0.34 per token (some exchanges quote ~$0.3428) with a circulating supply of about 381.9 million tokens — giving a market cap close to $130–132 million USD.
Over the last 7 days, FORM has dropped — about –7.8% (weekly) according to one source.
Volume seems relatively modest currently (not at a frenzy), which suggests market activity / interest has cooled compared to past spikes.
📈 What drove recent surges & why some remain bullish
FORM used to be known as BinaryX (BNX) before re‑branding.
In parts of 2025, FORM saw explosive rallies — at times rising 30‑50% in short windows due to hype around “meme‑season” within its ecosystem and increased memecoin launches on the broader chain. FXEmpire+2Yahoo Finance+2
Some technical‑analysis articles had even projected bullish targets in the range of $2.10 to $3.70 (assuming strong momentum and favorable market conditions).
Additionally, there have been institutional/investor moves that drew attention: for example, at one point, a large deposit of FORM tokens by an investment arm (1.5 million FORM worth millions of USD) to a major exchange was reported — a move that some interpreted as either a signal of upcoming selling pressure or simply repositioning by large holders.
