PUFFER (PUFFER) 24-hour volatility at 135.2%: Trading volume surges driven by Binance perpetual contract delisting announcement

Volatility Overview

In the past 24 hours, PUFFER's price surged from a low of $0.02044 to a high of $0.04808. The current quote stands at $0.03404, with an amplitude of 135.2%, demonstrating a sharp fluctuation followed by a slight pullback. The 24-hour trading volume is approximately $30.5 million, significantly higher than usual (CoinGecko data shows $9.12 million, while CMC reports over $30 million), with a turnover rate exceeding 200%. Fund flows are active, but there is no clear on-chain data for net inflows yet.

Brief Analysis of Price Movement Causes

• On April 3, Binance Futures announced the delisting of PUFFER and other perpetual contracts (to be executed on April 8), triggering panic trading and liquidity volatility in the market, directly leading to drastic price swings.

• Trading volume saw a more than 4-fold spike, accompanied by high-frequency speculative trades. X platform monitoring showed the price swept support levels before rebounding.

• On-chain holdings are highly concentrated, with the top 10 wallets controlling 70% of the supply, which could amplify selling pressure. However, no large-scale whale transfers were recorded within 24 hours.

Market Viewpoints and Outlook

Community sentiment leans cautious. Mainstream discussions on X regard this movement as "panic selling or smart money offloading." Most traders expect further downside unless the price can effectively hold above the $0.024 resistance and confirm a reversal; otherwise, the target points to the $0.022 support area. Analysts highlight the risk of whale concentration, with a short-term bearish bias.