Ontology Gas hits extreme greed on Upbit despite a 3.87% price drop, signaling high volatility and crowded trades.

Ontology Gas (ONG) topped Upbit's Fear & Greed index at 95, indicating extreme greed among traders, even as its price fell 3.87% to around 149 Korean won. The token saw heavy trading volume of about 42.3 billion won ($31 million), reflecting strong speculative interest despite the price pullback. This divergence between sentiment and price suggests crowded positioning and potential for sharp intraday swings. Market watchers should be cautious of increased volatility and possible quick reversals as liquidity shifts among top-traded tokens on Upbit.