AI token Quack AI gains 83% – What’s behind Q’s sudden acceleration?

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Quack AI [Q] surged 83% in 24 hours, delivering 257% weekly and 661% ten-day gains. Its market cap doubled from $300 million to $633 million, driven by a major short squeeze with over $8.9 million in short liquidations versus $2.3 million in long liquidations. Futures volume was 25.7 times that of spot, and Open Interest reached 64% of total market cap, indicating the move was driven by derivatives rather than organic demand. Technical signals suggest the uptrend may continue, but large holders are beginning to transfer tokens to exchanges, which could trigger significant selling pressure.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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