According to Lookonchain, GLONK token experienced a significant decline in market capitalization, dropping from a peak of $18 million to approximately $4 million on one exchange and from $15 million to around $816,000 on another. The 24-hour trading volume remains high, with $82 million on one platform versus $56 million on the other, highlighting strong trader activity and volatility. For crypto traders, these real-money market moves signal heightened risk and potential short-term trading opportunities as market sentiment shifts rapidly (source: Lookonchain on Twitter, May 14, 2025).