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Several altcoins are experiencing significant gains despite Dogecoin’s downward trend, with Voxies (VOXEL) and Broccoli leading the charge with triple-digit increases in the past 24 hours.

Voxies (VOXEL): A 178.8% Surge

Voxies has soared by 178.8% in the last 24 hours, currently trading at $0.1166 after starting at a low of $0.04152. This surge continues VOXEL’s impressive rally of 340% over the past week.

Trading volume has also seen a sharp increase, reaching $463.44 million—a staggering 577.79% jump within the same 24-hour period. However, concerns have arisen regarding the nature of this price movement.

“This is the new level of manipulation. $VOXEL market cap = $27M but more than $700 Million volume in futures. First $AERGO now this, please be careful.”

Analyst Ash Crypto shared this cautionary note on social media platform X, warning traders about possible market manipulation surrounding VOXEL’s sudden rise.

Abnormal Trading Activity Investigated

Cryptocurrency exchange Bitget has acknowledged abnormal trading behavior in the VOXEL/USDT contract trading pair. The platform is currently investigating the issue and has stated that additional details will be shared soon.

Reports suggest that Bitget’s bot may be malfunctioning, as the 24-hour trading volume for VOXEL/USDT contracts has surpassed that of Bitcoin (BTC). Bitget has implemented risk control measures, which may restrict certain users from trading.

Broccoli: A 140% Price Surge

Second on the list of top gainers is Broccoli, which has experienced a 140% increase in price over the past 24 hours. Additionally, Broccoli has demonstrated strong long-term performance, with a 450% increase in the last 30 days.

Unlike VOXEL, Broccoli’s price movement aligns with a major project announcement. The team recently revealed details about their ecosystem expansion, stating:

“Broccoli is Building – and So is Our Ecosystem. Today, we’re proud to unveil our brand new Ecosystem Section.”

The announcement highlighted that Broccoli has already integrated with over 50 platforms and is actively working on more than 100 additional integrations. This development likely contributed to the surge in its price.

NKN: A 93.5% Increase Amid Speculation

NKN has jumped 93.5% in the last 24 hours, trading at $0.04331 after starting at a low of $0.02123. Despite these gains, there have been no significant updates from the NKN project to justify the rally, leaving traders speculating on potential manipulation.

“Alright, Binance is pumping tokens that are about to be delisted. Let’s see if NKN gets pumped too.”

Analyst Ultimae GL suggested on social media that NKN’s surge may be related to speculative trading rather than organic growth. NKN currently ranks as the 812th largest cryptocurrency by market cap and is listed on major exchanges like Coinbase.

Dogecoin: A Continued Downward Trend

While smaller altcoins like VOXEL, Broccoli, and NKN are posting notable gains, Dogecoin continues its downward trajectory. The popular memecoin is trading at $0.15, reflecting a 2% decrease in the last 24 hours.

These price movements highlight the volatility in the cryptocurrency market, emphasizing the importance of due diligence and risk management for investors.

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