PIEVERSE's pull was a bit frightening - it rose 21% in 24 hours, and the price reached $0.6152. What's even more outrageous is the trading volume, with a trading volume of $105 million almost equaling its circulating market value of 107 million. This heat is obviously the main force is making moves.

Flipping through its fundamentals, I found a few key figures:

The circulating market value is only 107 million, but the fully diluted market value (FDV) as high as 614 million. After all, most of the tokens are still locked and not released. What does this mean? When unlocked in the future, selling pressure may be terrifying.

Looking at the ratio of trading volume to market capitalization, it is close to 1:1. To put it bluntly, the plate is now full of short-term players, and long-term funds have basically not entered the market. This kind of market is too speculative.

In terms of price, it just hit an all-time high of 0.7134 a few days ago, and is now only a sprint away from the previous high. Can it break through? This is a key node - rushing over may open up new space, and if you can't rush over, it is easy to form a double top man.

To be honest, this coin has both opportunities and pitfalls:

On the bright side, the trading activity has exploded, and the attention of funds has become obvious. If the general environment cooperates, it is not impossible to take advantage of the situation to break through the previous high.

But the risks are also clear - FDV is nearly 6 times the market capitalization, and token unlocking is a ticking time bomb. Coupled with this kind of high turnover market, the fluctuations will be very violent, and it is easy to be buried in chasing highs.

To sum up: In a typical high-volatility altcoin gameplay, the logic of making money and losing money is the same. If you want to participate, it is recommended to test the water in a small position, and don't fall in and out quickly. Behind the surge, there may be a wave of plummeting harvest at any time.

( This article is for reference only and does not constitute investment advice, DYOR)