Gram’s (GRAM) Drop Attributed to Broad Crypto Selloff, Not Specific Events

Gram (GRAM) appears to have dropped mainly because of a broad, macro-driven crypto selloff, not any Gram specific event.

Deep Dive

Timing Of Gram’s Move

GRAM’s intraday path over the last day shows that the bulk of the move clustered into a short window, rather than a slow grind.

1. Over the past 24 hours, Gram (GRAM) traded around $1.56 at 6 Oct 15:00 UTC, then drifted slightly lower into the evening, reaching about $1.52 by 7 Oct 00:00 UTC.
2. The largest step down came between 7 Oct 00:00 UTC and 03:00 UTC, when price moved from roughly $1.52 to about $1.46 while hourly volume jumped into the high $70 million range, noticeably higher than prior hours.
3. After…