Key takeaways
What sparked the recent surge of Humanity’s price? 🚀
Oh, just a casual expansion into the Sui ecosystem and a jump from IPFS to Walrus. Nothing major, just a flood of investor demand and a surge of bullish optimism. 🙄
What’s next for Humanity’s price? 🧐
If the buyers keep showing up to the party, we might just see $0.40, but beware, profit-takers are lurking-could lead us back to $0.30 or lower. Sounds thrilling, right?
Humanity [H] shot up 138%, hitting a shiny new all-time high of $0.39, before taking a breather at $0.34. So much for maintaining those highs…
Meanwhile, volume surged by 512%, market cap zoomed up by 118%, hitting $382 million and $787 million, respectively. Not bad, right?
But what actually triggered this uptick, you ask?
Humanity expands into the SUI ecosystem 🌐
Humanity coin took off after making its grand entrance into the Sui ecosystem and a smooth migration from IPFS to Walrus. Yes, you heard that right, Walrus. Sounds like something straight out of a children’s book, doesn’t it?
On October 22nd, the team proudly announced a strategic partnership with Sui [SUI], leveraging the oh-so-secure Walrus protocol to enhance infrastructure. Sure, why not?
In a move that was totally nonchalant, millions of user credentials were transferred on-chain into the Sui ecosystem, creating a “secure” and “decentralized” Human ID. Yep, trust the process.
And, just in case you’re wondering, they plan to scale the user credentials from a humble 10 million to a whopping 100 million by 2025. Big dreams, right? 🎯
Demand skyrockets! 📈
As expected, after the Sui announcement, investors scrambled to get their hands on Humanity tokens like it was Black Friday.
According to Nansen, Humanity has been seeing a positive balance change among its top holders-nothing suspicious here. 🙄
In the last 24 hours, for instance, whales bought up 3.9 million tokens. This is a trend that began on October 22nd, so you better believe it’s not just a fluke. 🐋
Since then, the top holders have scooped up 54 million tokens. Talk about hunger for more, huh?
Futures follow the frenzy 📊
As the market rallied, guess what? Investors flooded into the Futures market, positioning themselves like chess players about to make their next move.
According to CoinGlass, Open Interest (OI) surged 165%, hitting $236 million, while Derivatives Volume spiked 1022% to a staggering $1.9 billion. Impressive, isn’t it?
Typically, when both OI and volume rise together, it means traders are getting creative, placing long or short positions-either way, it’s getting spicy. 🔥
And, to top it all off, capital inflows into the Futures market have stayed high for the last three days, reaching $1.22 billion. Not bad for a “small” market. 💸
Notably, Humanity saw $1.1 billion in Futures Inflows, surpassing $1.05 billion in outflows. The result? A jaw-dropping 1798% surge in Futures Netflow to $54.48 million. 💥
Profit takers join the party 🎉
As expected, with Humanity flying high, holders and traders alike couldn’t resist cashing out. Gotta secure those profits, right?
According to Coinalyze, the altcoin saw 2.41 million in of 401k-clear signs of a sell-off in progress. 🙃
And don’t even get me started on the exchange activity. CoinGlass reported a positive Netflow since the market rebound, but don’t be fooled, this suggests increased selling pressure. 🙅♂️
At press time, Netflow was $406k, down from $1.04 million the previous day. So, what does this mean? Higher inflows followed by selling-prelude to the inevitable dip? Time will tell. 😏
Can the momentum hold? 🤷♀️
According to AMBCrypto, Humanity’s rally was powered by both whales and retail investors returning to the market following H’s shiny new integration into the SUI ecosystem.
As a result, its Relative Strength Index (RSI) surged to 75, signaling some intense bullish vibes. Meanwhile, the Stochastic RSI hit 61, further confirming that the trend is not just a flash in the pan.
So, what’s next? If the buyers continue to dominate, we might see H test its ATH again and eye $0.4. Otherwise, don’t be surprised if we slide back to $0.30, with $0.20 as the safety net. Who said crypto was boring? 😜
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2025-10-25 14:18