MEZO (MEZO) fluctuates 50.4% in 24 hours: trading volume surges 6.5 times, driving a brief price spike followed by a pullback

Volatility Brief

In the past 24 hours, MEZO price rose from a low of $0.02768 to a high of $0.04162. The current quote is $0.03198, with a 50.4% price range. The 24-hour trading volume is around $5.5 million (CoinGecko data, down 83.3% from the previous day), but on-chain monitoring showed a spike to $38.9 million at one point.

Summary of Unusual Movements

- The on-chain trading volume surged to $38.9 million (6.5 times the average level), directly pushing the price from $0.03093 briefly up to $0.04394 before pulling back by 12.7%.

- No official announcements, exchange listings, or major news events; no large on-chain transfers or whale alert reports.

Market Sentiment and Outlook

The dominant sentiment in the community is optimistic, viewing the pullback as a normal adjustment after TGE. TVL rose from $75 million to $100 million, and user activity and genuine BTC returns from the protocol support long-term value. Analysts emphasize that institutional deposit demand remains unchanged. 81% of the CMC community are bullish, but some opinions are concerned about “major drops after every small rally,” with short-term targets starting at $0.053.