According to CoinMeta, the Momentum ( MMT ) token has seen a price increase of over 77% in the past 24 hours, with trading volume surging by 1230.05% to reach $218.84 million. Momentum is an ecosystem built on the SUI blockchain, and its MMT token has gained more than 90% in value over the past 7 days. This rise is mainly due to a sudden surge in trading volume; there has been strong activity for Binance, OKX, and Bybit's MMT / USDT, with Binance's 24-hour trading volume exceeding $330 million, indicating a large influx of new capital. Strong liquidations of short positions were also a driving factor; in the past 24 hours, the total amount liquidated for MMT was nearly $6.9 million, of which $5.94 million came from short positions. The MMT / USDT long-to-short ratio for Binance exceeded 1.26, indicating that long positions significantly outnumbered short positions, and the holding ratio of top traders exceeded 1.44, reflecting bullish sentiment.