@antoniahoratio
Unusual surges in trading volume often highlight tokens experiencing strong catalysts, such as listings, protocol upgrades, or narrative momentum. For example, governance tokens after protocol votes, Layer-2 assets post-adoption milestones, or meme tokens during viral campaigns often see disproportionate volume growth. Such spikes can indicate early speculative waves or accumulation by larger players. However, volume alone is not sufficient; pairing it with price action and on-chain flows provides better context. Spikes without fundamental news may also hint at short-lived pump activity.