Momentum (MMT) tops Upbit's greed index amid 500% volume surge, signaling high short-term volatility despite price drop.

Momentum (MMT) led Upbit's fear-and-greed index with a high greed score of 87, even as its price fell 5.61% to around 286 won. Trading volume surged over 500% compared to the recent average, reaching about 18.26 billion won in turnover, indicating strong short-term trading activity and heightened volatility. This unusual combination of high greed sentiment and price decline suggests crowded positioning and potential for sharp price swings. Other tokens showed mixed sentiment, highlighting a market split between high-risk speculative assets and more cautious ones. Investors should watch for increased volatility and possible rapid reversals in MMT's price.