Following a week of strong price performance and a surge in trading volume, traders are now watching whether LOKA can sustain its momentum amid recent signs of volatility.
LOKA shows strong recent price gains and a volume spike
LOKA's price increased by
↗6%
in the last day and
↗15%
over the past week, significantly outperforming the average for other Ethereum ecosystem tokens, which saw a
↘7%
daily decline. This price activity was accompanied by a
↗691%
surge in trading volume.
Social media activity surges
The asset has also seen a massive
↗302%
increase in social media activity over the past week. Online discussions about LOKA remain highly positive, with sentiment measured at 76% positive.
Recent gains contrast with longer-term performance
These short-term gains are set against a longer-term trend where LOKA's price is down
↘17%
over the past month. In the last four hours, the price has corrected by
↘10%
, highlighting the asset's recent volatility.