PUFFER sees 123.2% volatility in 24 hours: Surge in trading volume and Binance perpetual contracts drive fluctuations

Volatility Brief

PUFFER has surged significantly in the past 24 hours, with its price jumping from a low of $0.02154 to a high of $0.04808. It is currently trading at $0.03376, marking a fluctuation range as high as 123.2%. The 24-hour trading volume expanded significantly to around $51.34 million, a sharp spike compared to usual levels.

Analysis of Causes for Abnormal Movement

- Bitget monitoring shows that PUFFER rebounded from the 24-hour low of $0.02044 to a high of $0.04808, mainly driven by the surge in Binance perpetual contract trading volume.

- Real-time discussions on platform X captured a 4.1x surge in buy orders followed by a 4.6x trading volume peak, with liquidity sweeping intensifying the sharp price swings.

Market Opinions and Outlook

The mainstream sentiment in the X community is focused on high volatility. Analysts like Finora AI view the 11.6% pullback as either panic selling or an opportunity for smart money accumulation, suggesting long or short positions should be considered after confirming reversal signals at the critical support/resistance area of $0.02275–$0.02547. If $0.02275 is lost, further lows may be tested; otherwise, a rebound above $0.02609 is expected. CoinGecko data shows that PUFFER has ranked among the top three most watched tokens over the past 24 hours, drawing high market attention but also highlighting the need to remain alert for further liquidity events.