Binance Platform's Shitcoin Trading Volume Hits All-Time High, Reaching 82.3%

BlockBeats News, September 30th, CryptoQuant analyst maartunn shared a post stating that Binance's Shitcoin Trading Volume has hit a new all-time high: 82.3%.

The accompanying image shows the proportion of shitcoins versus Bitcoin in Binance's futures trading volume. Never before has shitcoin trading activity dominated to this extent. Shitcoins like XPL, ASTR, SOL, and PUMP are attracting significant attention. Traders seem to prefer trading shitcoins over Bitcoin futures. This indicates that traders expect to gain more advantages or profits from shitcoin trading. This is reasonable, as Aster, for example, surged 250% last week.

It is worth mentioning that even during the 2021 bull market, the shitcoin proportion did not reach this level. In May 2021, the shitcoin trading volume proportion only reached a maximum of 76%, which was during the altcoin season at that time.