DOOD, IOST and MPLX posted one-day gains of 113%, 81% and 42%, respectively, according to a BlockBeats market flash.
Upbit volume draws attention
The report said no obvious positive catalyst had been identified for the three tokens. It also said they ranked first, second and sixth on South Korean exchange Upbit by trading volume, respectively. DOOD volume on Upbit exceeded $100 million and represented 10% of the platform’s daily total volume, according to the report.
Volume is not proof of causation
BlockBeats described Upbit as a possible driver behind the moves. That is a speculative attribution rather than a verified cause, and the flash provides no forecast or evidence of market manipulation.