Pyth Network Soars 76% As US Puts GDP Data On-Chain, Bitcoin Nears $110K, CRO, HYPE, ETH And XRP Plunge: Market Wrap
Pyth Network surged 76% to trade at at $0.2124 as of 4:04 a.m. EST after the US government selected its network, along with Chainlink, to put GDP data on-chain. Its pump was a rare bright spot in a mostly red market, with Bitcoin sliding almost 3% to near the $110k support zone and major altcoins posting significant losses. Cronos (CRO) plunged 14%, Hyperliquid (HYPE) 8.3%, Ethereum (ETH) 5.4%, and XRP (XRP) 4.7% in the last 24 hours, according to CoinMarketCap data. Other top losers included SPX6900 (SPX), Aerodrome Finance (AERO), and Raydium (RAY), which dropped 11.8%, 9.2%, and 8.2%, respectively. After PYTH, the other top gainers were Four (FORM) with a 2.8% gain, KuCoin Token (KCS), up almost 2%, and Ethena (ENA), which climbed just over 1%. Pyth Network Price Soars After US GDP Data Goes On-chain The US government’s move pushed Pyth Network token trading volume up 9,160% to $2.3 billion, sending the coin above $0.20 for the first time in months. The initiativ...