BTCC
/
BTCC Square
/
CoindeskEN
/
ATOM Surges 4% on Wall Street’s Crypto Craze—Then Gets Whacked by Late-Selling
ATOM Surges 4% on Wall Street’s Crypto Craze—Then Gets Whacked by Late-Selling
22
1
Institutional money floods Cosmos—until the suits remember it's still crypto.
The Pump Before the Dump
ATOM rode a 4% rally early as hedge funds piled in, chasing interoperability narratives. Then, like clockwork, profit-taking kicked in. Classic crypto whipsaw—bullish on PowerPoint, bearish after lunch.
Wall Street's On-Again, Off-Again Love Affair
Traders loaded up on ATOM futures ahead of Cosmos Hub upgrades. But when the coffee wore off? Sell orders hit faster than a 'decentralized' project pivoting to AI.
The Takeaway
Another day, another proof that crypto moves faster than a VC's attention span. Institutions want blockchain exposure—just not for more than one earnings cycle.
By:
