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MBOX has been quite active these days. The project team just released token burn data showing that over 310,000 MBOX tokens were burned in this round, directly reversing expectations from the supply side and driving the price up by 7.97%. The spot price surged directly to the top of the major exchange rankings.
How hot is the market reaction? Just look at the trading data. In the past hour, the increase reached 8.88%, with trading volume skyrocketing by 164%. Such a simultaneous rise in volume and price is rare. The community's sentiment is also very unified, with positive emotions reaching about 90%. Many analysts are calling for a breakout, and based on trading volume patterns, there are signs of large investors or institutions entering the market.
If you want to participate in this wave, consider this approach: go long on contracts in the range of 0.035-0.036, target 0.04, and set stop-loss at 0.033. The key is not to be blinded by FOMO; chasing high often comes with bigger costs. The logic behind this move is burn + liquidity. Managing the rhythm well is much more reliable than simply chasing the price.