Crypto Market Movers: INIT, MAGIC, CETUS, POL, GUN, ONDO Surge in Last 6 Hours
INIT +244%
INIT token recently launched full trading on Coinbase’s INIT-PERP market, sparking a significant surge in its price and trading volume. Within the first hour of trading, INIT saw a notable spike, with global 24-hour trading volume reaching $55.07 million.
#INIT is gaining traction due to increased liquidity and accessibility across multiple platforms, including Binance listings that have further boosted community engagement. This heightened activity suggests growing investor confidence and expanding user base.
Given the strong initial momentum and expanding market presence, INIT’s price is likely to continue rising in the short term. However, investors should watch for potential volatility as the market digests this rapid expansion.
MAGIC +24.52%
The MAGIC token, native to the Treasure decentralized gaming ecosystem, has experienced a recent price surge fueled by growing interest in decentralized gaming platforms. Despite a slight 5.67% dip in the last 24 hours, MAGIC’s overall trend remains positive with significant gains recorded earlier.
#MAGIC underpins governance and utility within the Treasure ecosystem, which has seen increased adoption and community participation. The token’s recent 70.84% increase over a short period highlights strong investor enthusiasm for gaming-related crypto assets.
With decentralized gaming gaining momentum, MAGIC is well-positioned for continued growth. However, short-term fluctuations are expected as the market balances excitement with profit-taking.
CETUS +19.94%
CETUS Protocol’s token price has faced a recent decline of around 20.3% in the last 24 hours despite a surge in average daily trading volume to $6.34 million in Q4. The token also secured a rare listing on Binance, signaling increased institutional interest.
#CETUS focuses on decentralized finance (DeFi) innovations and liquidity solutions. The Binance listing has sparked a 70% price surge previously, indicating strong speculative interest despite recent pullbacks.
While CETUS shows promising fundamentals supported by exchange listings and volume growth, the current downtrend suggests a possible short-term correction before any sustained upward movement resumes.
POL +12%
Polygon’s POL token surged over 11% in the last 24 hours, breaking above $4.16 after an 18.54% weekly rally. Polygon recently launched its Agglayer Breakout Program to incubate projects within its PoS ecosystem, benefiting POL stakers directly.
#POL is integral to Polygon’s scaling solutions for Ethereum and benefits from community-focused funding initiatives that boost network effects and user adoption. This program is expected to drive further demand for POL tokens as new projects launch.
The combination of strong technical performance and strategic ecosystem development suggests POL’s price will likely continue its upward trajectory in the near term.
GUN +10.86%
The GUN token of the GUNZ blockchain experienced a sharp recovery with a 60% price surge recently, reaching $0.068. Binance’s official listing of GUN at 13:00 UTC has been a key catalyst behind this rally.
#GUN powers the GUNZ battle royale shooter game’s crypto economy, integrating gaming with blockchain rewards and assets. The listing on Binance expands liquidity and exposure to a wider audience of traders and gamers alike.
This newfound accessibility combined with gaming sector interest positions GUN for continued upward momentum; however, volatility remains high given its niche market focus.
ONDO +10.59%
Ondo Finance’s ONDO token has seen a notable price rise recently, trading around $0.92 with over $245 million in 24-hour volume. The token experienced about a 4% increase following its platform launch and upcoming token unlock events.
#ONDO specializes in DeFi tokenization platforms aimed at improving capital efficiency and yield generation. The recent $3 billion ONDO token unlock could drive growth but also introduces potential supply-side pressure.
While ONDO shows promising fundamentals and strong market activity, investors should monitor how token unlocks impact price dynamics before expecting sustained gains.
