Volt Inu (VOLT) has announced it will be listing its token on the crypto exchange Hotbit. This is a significant move by the meme coin but it did not result in price action gains. Here are some highlights:

• As news of the listing started to come out, Volt Inu (VOLT) was down nearly 35% in less than 24 hours.

• At press time, the coin had paired some of these losses but was still down by a whopping 15%.

• VoltInu (VOLT), is also looking to list on the major CEXs, including Bitmart or XT in Singapore.

Data Source: Coinmarket.com

Volt Inu (VOLT) – Price action and analysis

In most cases, coins that are listed on major exchanges skyrocket in value. Volt Inu seems to be not following this pattern. As soon as the news broke, the token was already lower by 35%.

There has been some recovery however, as the day progressed. At the time of writing, the coin was down around 16%. VOLT also saw a surge in trading volume in the last 24 hours, rising by around 30%.

We are also hearing reports that the meme coin will be listed on major CEXs such as Bitmart or the Singapore-based Xt.

Is Volt Inu(VOLT) prime now for investment?

When meme coins are listed on the top exchanges, they tend to rise quickly. This is what happened with VOLT. Although the Hotbit latest listing did not have any significant effects on the price action of the token, it will be on platforms such as Bitmart and we will see some improvements.

However, like all meme coins there are always risks. This is not the type of crypto you should be holding when markets are down. VOLT is a good crypto for short-term investments.