In a surprising twist in the crypto markets, several lesser-known altcoins are posting explosive gains even as Dogecoin struggles to maintain support. Voxies (VOXEL) and Broccoli are leading the rally, both logging triple-digit price increases over the past 24 hours.
Voxies (VOXEL) Surges Nearly 180% Amid Volume Spike and Manipulation Concerns
Voxies has soared 178.8% in just 24 hours, jumping from a low of $0.04152 to $0.1166. The rally extends the token’s impressive weekly performance, up 340% in the past seven days.
Trading volume has skyrocketed alongside the price, with $463.44 million in activity—representing a 577.79% increase in daily volume. However, not everyone is convinced of the rally’s legitimacy.
Crypto analyst Ash Crypto sounded the alarm on X, pointing to suspicious metrics:
“This is the new level of manipulation. $VOXEL market cap = $27M but more than $700 Million volume in futures.”
Exchange Bitget also acknowledged “abnormal trading behavior” in the VOXEL/USDT contract, stating that an investigation is underway. They suspect a malfunction in their trading bot system and noted that some user accounts may be restricted due to risk control protocols.
Broccoli Up 140% Following Major Ecosystem Announcement
Trailing closely behind is Broccoli, posting a 140% price increase in the same 24-hour period. The token is now up 450% over the past 30 days, driven partly by renewed community attention and a major announcement from the team.
“Broccoli is Building – and So is Our Ecosystem,” the team shared on X. The update highlighted over 50 platform integrations with 100+ more in development, signaling long-term growth potential and real project momentum.
Unlike VOXEL’s surge, Broccoli’s rally appears to be backed by fundamental news, giving it more credibility in the eyes of investors.
NKN Rises 93% With No Clear Catalyst
Another surprise performer is NKN, which has jumped 93.5% in 24 hours, moving from $0.02123 to $0.04331. Despite the rally, the project has not made any significant announcements to justify the price movement, leaving traders puzzled.
Speculation around potential manipulation is growing. Analyst Ultimae GL commented:
“Alright, Binance is pumping tokens that are about to be delisted. Let’s see if NKN gets pumped too.”
NKN is currently ranked 812th by market cap but remains listed on both Binance and Coinbase.
Dogecoin Continues to Slip
While altcoins like VOXEL, Broccoli, and NKN enjoy rapid gains, Dogecoin (DOGE) is lagging behind. The meme coin has fallen 2.73% over the past 24 hours, now trading around $0.15.
Dogecoin has struggled to regain momentum in recent weeks, with no major developments or endorsements to drive bullish sentiment.
Final Thoughts
The latest market activity reflects the unpredictable and sometimes speculative nature of crypto trading. While some projects gain on strong fundamentals and ecosystem growth, others show signs of artificial pumping and manipulation.
As always, investors are advised to proceed with caution especially when engaging with low-cap altcoins showing extreme volatility.
