Deep Dive
1. Bithumb Lists AMP (2 January 2026)
Overview:
Bithumb added AMP to its KRW market with trading commencing at 4:00 PM KST. The listing coincides with the exchange’s discovery of $201M in dormant assets across 2.6M inactive accounts, some holding AMP. Last year, 36K users reclaimed $50M in similar dormant balances, suggesting potential sell-side pressure if recovered AMP enters circulation.
What this means:
This is neutral-to-bearish for AMP in the short term. While listings typically boost visibility, Bithumb’s dormant asset recovery initiative could unlock AMP sell orders from long-inactive wallets. However, improved liquidity might attract algorithmic traders – AMP’s 24h volume already sits at $54.7M (CoinMarketCap).
2. 33.7% Surge on Coinbase (1 January 2026)
Overview:
AMP rallied 33.7% in 24 hours on Coinbase to $0.00213, though prices remain 72.55% below January 2025 levels. The move lacked clear catalysts but aligned with Santiment data showing whale wallets (10M–100M AMP) increasing holdings by 10.2% since November 2025.
What this means:
This is cautiously bullish for AMP. The surge occurred during a crypto-wide liquidity crunch (total market volume -13.5% YoY), suggesting targeted accumulation. However, the Fear & Greed Index at 34 (Fear) implies broader skepticism – traders should watch whether the bounce holds above $0.002 support.
3. Capital Rotates Into AMP (21 December 2025)
Overview:
AMP saw consistent net inflows per CryptoQuant, diverging from outflows in tokens like MATIC and ENS. Analysts attribute this to its role in Flexa’s collateral network (securing $20.8M TVL) rather than speculative trading.
What this means:
This is structurally bullish for AMP. The inflows suggest institutions are positioning AMP as a “utility hedge” amid Bitcoin-centric markets. With AMP’s MVRV ratio at -1.78 (undervalued per Santiment), accumulation could foreshadow mean reversion if Bitcoin dominance breaks below 58%.
Conclusion
AMP’s narrative balances exchange-driven volatility (Bithumb listing, Coinbase spike) against stealthy institutional interest. While technicals hint at oversold conditions, reclaimed dormant tokens and thin liquidity pose near-term risks. Will AMP’s utility as payment collateral outweigh macro headwinds as the Fear & Greed Index claws toward Neutral?