Gate News Bot Message, January 05, According to CoinMarketCap data, at the time of press, IRYS (Irys) is trading at $0.04, up 17.96% in the past 24 hours, reaching a high of $0.04 and a low of $0.02. The 24-hour trading volume is $21.1 million. The current market cap is approximately $74 million, an increase of about $11.3 million from yesterday.
Irys is the first programmable data chain designed for AI and more application scenarios. Unlike other data networks that only store data, Irys offers faster and cheaper services, equipped with a native execution layer to make data programmable. Data on Irys can embed instructions, be retrieved instantly, and shared across applications, enabling developers to build on-chain services, unlock new value from shared data, all at a fraction of the cost of traditional solutions.
Irys features high performance, cost efficiency, and composable utility. On-chain data should be faster, cheaper, and more powerful. Irys achieves this by reducing retrieval costs, unlocking programmable data, and enabling on-chain services previously impossible. Storage should not come with unpredictable costs. Irys is cheaper than Web2 cloud storage and Web3 alternatives, adopting a stable pricing model to eliminate volatility fees. Developers can embed instructions directly into data, allowing it to execute transactions, automate AI workflows, enforce ownership, trigger smart contracts, and more.
Important recent news about IRYS:
1️⃣ Institutional accumulation signals continue
Over the past week, multiple wallets have continuously accumulated IRYS tokens from exchanges, totaling over $500,000. Three days ago, these tokens were consolidated into a single wallet, which now holds IRYS tokens worth $1.1 million. Additionally, other wallets have withdrawn IRYS from exchanges, with a total balance exceeding $1 million. Large funds transferring from exchanges to on-chain wallets often indicate market participants’ optimistic outlook on the upcoming trend.
2️⃣ Increased concentration of holdings
Tokens from multiple independent wallets have ultimately been consolidated into a single address, indicating major holders are building more concentrated positions. This kind of accumulation often suggests market participants may be preparing for subsequent actions and also strengthens price support.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.
Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.
動區BlockTempo33m ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin35m ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews1h ago
Today, the cryptocurrency Fear and Greed Index is at 12, indicating the market is in extreme fear.
Gate News Report, March 8th, according to Alternative.me data, today’s cryptocurrency Fear and Greed Index is at 12, indicating the market is in a "Extreme Fear" state. This index measures market sentiment, with lower values indicating higher levels of fear.
GateNews1h ago
CryptoQuant Analyst: Bitcoin NUPL-MVRV indicator reaches 0.33, indicating that extreme selling conditions are moderating
Gate News Announcement, March 8 — CryptoQuant analyst Axel posted on X platform that Bitcoin may have entered the mid-stage of this bear market cycle. Data shows that the NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the -0.5 level. The chart indicates that the start of the bear market cycle is trending upward, suggesting that extreme selling conditions are moderating. However, the indicator remains well above historical bottom levels, indicating that a full-scale market sell-off has not yet been confirmed.
GateNews2h ago
