Crypto Altlayer Surges 35% Today (6/17): What Happened?
Jakarta, Pintu News – AltLayer crypto’s native token, ALT, recorded a sharp spike on June 17, 2025, by forming a significant breakout candle ahead of its official listing on South Korea’s leading crypto exchange, Upbit.
Crypto Altlayer Price Up 35.10% in 24 Hours
Based on data from Pintu Market (17/6), AltLayer surged by 35% in a day, reaching its highest price at IDR 834.2 and its lowest at IDR 411.1.
According to data from CoinMarketCap today, Altlayer crypto’s market cap reached $121.58 million, with a trading volume of $501.64 million, registering an increase of 5957% within the last 24 hours.
Read also: 3 Memecoins that are highly targeted this week, ready to surge drastically?
Not without reason, Altlayer crypto caught the market’s attention after it was announced to be listed on Upbit, one of the tier-1 crypto exchanges in South Korea.
Listings on large centralized exchanges such as these usually drive price increases in the short term due to access to liquidity and a wider range of investors. However, rallies triggered by this kind of listing news are also often temporary, as early investors tend to take profits as soon as the news starts to be appreciated by the market.
The announcement of Altlayer crypto listing on Upbit was met with massive accumulation by whale investors.
The Whale Attacks the Crypto Altlayer
As revealed by Korean market commentator, Yoonseok, one whale is known to have bought 1.6 million ALT tokens shortly after the listing news was announced. Another whale reportedly bought 2.93 million ALT at an average price of $0.04.
Such large fund inflows are often perceived as a positive signal by retail investors, which in turn reinforces the upward momentum of prices.
Speculative interest was also seen in the derivatives market, with data from Coinglass showing a 383% spike in open interest for ALT futures, with the long/short ratio remaining above 1. This suggests that traders are taking more long positions in the hope that prices will continue to rise.
At the same time, onchain data from Santiment reported a sharp spike in the number of daily active addresses, which increased from just 110 to over 10,500 in the last two days.
This surge in user activity was accompanied by a positive shift in weighted social sentiment and a significant increase in Google search trends, indicating broader retail engagement.
AltlayerCrypto Price Analysis
According to Crypto news (17/6), on the 4-hour chart of USDT, the MACD and RSI indicators are showing an upward trend, indicating stronger bullish momentum.
Read also: Pepe Coin (PEPE) Defies Odds as Whale Netflows Soar!
Price action also shows that ALT remains above both its 50-period and 100-period EMAs, with the 50-day EMA recently crossing above the 100-day EMA, a bullish crossover that is generally interpreted as a signal for trend continuation.
Currently, ALT is above the $0.031 support level, which is very close to the May high of $0.044, which now serves as the benchmark support zone.
If the token manages to rebound from current levels and maintain its bullish momentum, a move towards $0.055 still remains possible, which translates to about 66% upside from current price levels.
On the contrary, if the price breaks below the immediate support at $0.031, the next key level to watch is around $0.023, which is the local low on June 13.
A drop to this level would indicate a weakening of short-term bullish sentiment and might trigger further downward pressure.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Crypto News. Here’s why AltLayer crypto is up 35% today. Accessed on June 17, 2025
