Cysic (CYS) fluctuated 41.1% in 24 hours: Mainnet upgrade VenuszkVM system directly drives movement
Bitget Pulse2026/04/10 23:00Volatility Brief
In the past 24 hours, the price of CYS hit a low of $0.1687 and a high of $0.238, currently trading at $0.22705, with an overall amplitude of 41.1%. Trading volume surged significantly to approximately $63.76 million, showing a sharp increase compared to normal; net CEX outflow was about $63,000, but overall net inflow reached $264,200.
Analysis of the Cause of the Fluctuation
- Mainnet Upgrade Announcement: On April 10, Cysic officially announced a mandatory upgrade of its mainnet proof system to its self-developed Venus zkVM, accompanied by a 96-hour $2,000 rewards campaign, directly triggering dramatic price swings and a surge in trading volume.
- No significant on-chain transfers by whales or abnormal capital inflows were observed; the fluctuation was mainly catalyzed by the upgrade event.
Market Opinions and Outlook
The prevailing sentiment in the community is cautious. Trading analysis suggests a short-term bearish dominance (with support around $0.2025), but if a rebound occurs, the target could be the $0.2299 supply zone. Analysts highlight post-upgrade liquidity risks and potential 30% swings, advising to wait for confirmation signals.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for information purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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