Toshi (TOSHI), a cryptocurrency based on the Base network, recently experienced a significant surge in price following the announcement that Coinbase would be adding the token to its listing roadmap. This news caused Toshi’s price to increase by 130% in just 24 hours, sparking a flurry of trading activity and investor interest.
Despite the impressive price gains, Toshi’s performance remains highly volatile, mirroring the unpredictable nature of the cryptocurrency market. Market data indicates that Toshi’s market cap has fluctuated over time, reaching a peak of $73.66 million before dropping to $51.36 million and then rebounding to $75.62 million by 2025.
Toshi’s price has also exhibited significant volatility, with a 66.68% surge in value to $0.0002378 in the last 24 hours. Trading volume spiked by 384.30%, totaling $50.5 million, highlighting the token’s high availability and susceptibility to price swings.
The increase in Toshi’s price and trading volume was accompanied by notable liquidation movements and growth in open interest. The trading volume for Toshi/USDT soared by 1,655.28% to $7.41 million, while open interest rose by 102.12% to $317.14K. However, short positions faced higher losses compared to long positions, underscoring the market’s high risk and volatility.
In the past hour alone, total liquidations amounted to $5.40K, with shorts bearing the brunt of the losses at $5.30K compared to longs at $105.34. These figures emphasize the precarious nature of trading Toshi, where price fluctuations can have a significant impact on traders.
Overall, Toshi’s recent price surge and trading activity indicate strong investor interest in the token. However, traders should proceed with caution due to the token’s high market risk and volatility. It is essential to conduct thorough research and exercise prudence when engaging with Toshi or any other cryptocurrency.
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