Cosmos' ATOM Surges 12% as Whale Activity and Altcoin Rotation Drive Price Growth

Cosmos' native token ATOM surged 12.81% in value as trading activity picked up across both Spot and derivatives markets.

The rally was driven by a broader altcoin rotation, with the Altcoin Season Index increasing 53.12% over the past week.

Derivatives players also stepped up their activity, with Futures volume climbing 108.82% to $154.46 million in 24 hours.

However, Spot market flows turned negative, indicating outflows exceeding inflows during the latest reading.

The Spot Average Order Size indicator registered a 'Big Whale Orders' signal, suggesting larger executed orders accompanied ATOM's price recovery.