# Any idea about recent price spike?

**URL:** <https://forum.storj.io/t/any-idea-about-recent-price-spike/23764>\
**Category:** Uncategorized\
**Tags:** storj-token\
**Created:** [September 15, 2023, 3:48pm UTC](https://forum.storj.io/t/any-idea-about-recent-price-spike/23764 "2023-09-15T15:48:29Z")\
**Posts on this page:** 1\
**Showing post:** 17

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**Author:** ![heunland](https://storj.bcdn.literatehosting.com/user_avatar/forum.storj.io/heunland/32/6076_2.png) [@heunland](https://forum.storj.io/u/heunland)\
**Post date:** [October 9, 2023, 5:13pm UTC](https://forum.storj.io/t/any-idea-about-recent-price-spike/23764/17 "2023-10-09T17:13:40Z")

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My issue is why did this user decide to mention this when the subject of this thread is - what is the reason for the recent **Spike** in price, not for a drop. It seems obvious that selling will lead to drops, and buying will lead to rise in price. STORJ is a utility token, not to be considered as an investment vehicle. Price will move up and down in response to buy and sell pressure. Every time there is a significant change in price, someone will again post a similar thread to this one. It seems like we have exhausted the subject by now.

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