GWEI (ETHGas) 24-hour amplitude 45.3%: Surge in trading volume and whale accumulation drive movement

Volatility Brief

In the past 24 hours, the price of GWEI rebounded from a low of $0.095103 to a high of $0.138222. The current quote is $0.130908, with a fluctuation amplitude of 45.3%. Trading volume surged to around $38.5 million (about 16% of market cap), with a market cap of approximately $240 million, a circulating supply of 210 million, and a total supply of 1 billion.

Simple Analysis of Abnormal Movements

- Explosive trading volume: Within 24 hours, volume increased from $17 million to $38.5 million, pushing the price to an ATH of $0.1273-$0.138.

- Signs of whale accumulation: Exchange balances declined by 34% over 30 days, the Top-100 wallets’ holdings rose to 28%, and all 7 out of 7 local pullbacks were absorbed by buyers; on-chain data indicates large purchases.

Market Perspectives and Outlook

The mainstream community is bullish, traders see the current price as a breakout continuation aiming for $0.138-$0.155, emphasizing the confirmation of higher highs alongside volume. Whale behavior indicates “quiet conviction.” Risk warning: be alert for a pullback to test the $0.104 support.