TRU (TrueFi) fluctuates 44.3% in 24 hours: Surge in trading volume and suspected whale activity driving movement

Volatility Overview

In the past 24 hours, TRU price rebounded from a low of $0.00309 to a high of $0.00446 and is currently trading at $0.0044, with a fluctuation amplitude of 44.3%. The 24-hour trading volume reached approximately $4.73 million, significantly higher than usual.

Brief Analysis of Price Movement Causes

- Surge in trading volume: 24-hour trading volume soared to the multi-million dollar level, displaying an “abnormal trading volume to market cap” phenomenon that drove a rapid price rebound.

- Suspected whale buying: On-chain monitoring revealed coordinated large-scale buy activity, pushing the price up quickly from its lows.

Market View and Outlook

Community sentiment is high, with traders on X platform calling this an “euphoric stretch” and recording an RSI above 85, warning of potential pullback risks. Analysts suggest waiting for confirmation of support at $0.0039-$0.0041 and avoiding chasing the price up. In the short term, there could be a test above $0.005 but be wary of the impact of possible delisting events.