WAXP fluctuates 41.2% in 24 hours: Trading volume surges over 2500%, driving price rebound

Volatility Overview

In the past 24 hours (March 19-20, 2026), the price of WAXP rebounded from a low of $0.00629 to a high of $0.00888, with the current price at $0.00860, representing a total amplitude of 41.2%. Trading volume increased significantly. According to CoinGecko data, the volume reached $55.59 million, a 2558.20% increase compared to the previous period; CoinMarketCap data shows $68.42 million, with a volume/market cap ratio of 172.76%.

Brief Analysis of Surge Driving Factors

• Explosive surge in trading volume: In 24 hours, trading volume surged over 2500% from the previous day's low, mainly concentrated on Upbit (WAXP/KRW, accounting for 30.95%) and Binance (WAXP/USDT, accounting for 7.53%), rapidly driving the price higher from the lows.

• No official announcements or major news events within 24 hours: No significant on-chain whale transfers, NFT/GameFi event bursts, or partner updates (latest wallet upgrade was 8 days ago). No abnormal on-chain indicators detected on CryptoQuant within the past 24 hours.

Market Sentiment and Outlook

Community sentiment is highly optimistic. CoinMarketCap voting shows 91% bullish sentiment (21.9K votes). Real-time discussions on CMC mention a target of $0.0100 after the price broke above $0.0070, with some traders opening long positions (entry $0.00740-$0.00755, stop loss at $0.00710); CoinGecko community indicates 75% positive sentiment. However, some believe a short-term pullback is possible, for example, after the pump from $0.0074-$0.0079 down to $0.0061. Risk warning: Low liquidity can amplify volatility, and without continuous catalysts, be alert to profit-taking rebounds.