SWEAT 24-hour volatility reaches 50.1%: Major token burn event triggers surge in trading volume and price fluctuations

Brief Overview of Volatility

In the past 24 hours, the price of SWEAT reached a low of $0.0001426 and a high of $0.000214, with the current quote at $0.0002014, representing a fluctuation amplitude of 50.1%. Trading volume saw a significant surge, reaching $623,262 (CoinMarketCap data), higher than usual, accompanied by volatile selling pressure.

Analysis of the Cause for the Abnormal Movement

- 21 hours ago, Sweat Economy’s official account announced the burn of 150,000,000 SWEAT tokens, marking the largest single burn since 2025. This on-chain event directly triggered a rapid price surge from the low point.

- Trading volume subsequently spiked to a peak of about $1.65 - 1.98 million, accompanied by sharp selling pressure, leading to a pullback of around 18% after the high.

Market Opinion and Outlook

The project team regards this burn as a positive signal, and the community sentiment is generally optimistic, believing it will help reduce circulating supply. Market observers point out high volatility (up to 54.3%), warning of potential further selling pressure in the short term. However, unless additional negative news arises, the burn effect may support a rebound. Analysts also caution about the risk of overall market correction.