Irys token gives back about three-quarters of its value hours after record high
Image: Cryptopolitan
On October 23, during the 19:00 UTC hour, Irys’s IRYS token peaked at 0.32757 USDT on Bitget. By 05:49 UTC on October 24, it was trading at 0.08631 USDT, approximately 74% below the top. The same hourly candle closed at 0.11138 USDT and the next hour made a low at 0.06106 USDT, ~81% below the peak. CoinGecko registered an all-time high of $0.296 at 19:24 UTC and priced IRYS at $0.0863 Saturday morning. At the high, those 2 billion circulating tokens were worth ~$592M. Market cap is ~$174 million, with 20% of the 10 billion total supply in circulation. The won pair at Upbit followed the same. It went from the 52-week low of 16.3 won on October 18 to a 52-week high of 450 won on October 23.
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