OSMO surges over 200%, led by Bithumb trading

Osmosis (OSMO) surged over 200% in the past 24 hours, at one point reaching $0.128, BlockBeats reported. The token is currently trading at around $0.105. According to CoinGecko data, OSMO's global 24-hour spot trading volume reached $175 million, with the South Korean exchange Bithumb accounting for the largest share at approximately 30% ($55.8 million). Binance's share was 22.4%. In contrast, data from DeFiLlama shows that OSMO's trading volume on decentralized exchanges was only $1.24 million. On-chain fundamentals such as total value locked (TVL), stablecoin market capitalization, and fund inflows have reportedly shown no significant changes.