Why is PolySwarm (NCT) up 233.87% Today, August 27? KRW Listing and 1.85x Turnover Drive a High-Risk Squeeze

PolySwarm's NCT surged on a KRW-market listing with first-day fee incentives, creating an access-driven liquidity shock. 24h volume (~$58.4m) exceeded market cap (~$31.6m), signaling concentrated, short-horizon positioning rather than a broad alt rotation, as the wider crypto market softened. Extremely elevated RSI across timeframes highlights an overstretched, squeeze-like move where follow-through depends on post-promotion depth and sustained participation.