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Cryptocurrency market sees high volatility with most price pumps reversing within 24 hours
Recent market data indicates significant volatility in the cryptocurrency sector, with a majority of sudden price increases failing to sustain their gains. Out of 28 coins that triggered pump alerts, 17 experienced a round-trip, giving back most of their gains within a 24-hour window.
Several specific assets demonstrated extreme price swings. Blast saw a peak increase of 127.2% before surrendering 77% of that gain, eventually settling 42.9% below its peak. DAPPOS and Axis Robotics also experienced significant reversals; DAPPOS gave back 128% of its move, ending below its starting price, while Axis Robotics gave back 103% of its move despite high trading volume.
In contrast, PYR (Vulcan Forged) exhibited unusual behavior by recovering after an initial crash. After giving back 70% of its gains within two hours of a spike, the asset eventually climbed to 136.4% above its starting price, setting a peak nearly 22 hours after the initial flag.
Entities
Axis Robotics · BLASt · DAPPOS · Irys · PYR