$NKN is on the top gainer list mainly because of a sudden increase in trading volume and short term speculation. Many traders are buying quickly to make fast profits, which pushes the price up in a short time. Sometimes this kind of pump happens due to hype, whale activity, or special news like exchange actions. From the chart, the price is moving up and down frequently, which shows the market is unstable right now. These moves are usually not long term trends, but short term trading opportunities. For #NKN to grow in the future, the project needs real development, more users, and strong updates. Otherwise, after a pump, a dump can happen. That is why traders should always check volume, support levels, and news before entering. High gain does not always mean a safe investment.
#WhaleDeRiskETH #GoldSilverRally