GWEI (ETHGas) fluctuated by 40.9% in 24 hours: Driven by surging Layer-2 activity and a 127% spike in trading volume
Bitget Pulse2026/04/26 17:28Volatility Overview
In the past 24 hours, the price of GWEI rebounded from a low of $0.095103 to a high of $0.134041. The current quote is $0.133525, with an overall amplitude of 40.9%. Trading volume surged 127% to $38.5 million, accounting for approximately 16% of the market cap. The total market value is roughly $268 million, with a circulating supply of 2.1 billion tokens.
Brief Analysis of Unusual Movements
• Layer-2 network activity increased significantly, directly pushing GWEI price up by 29.4%-33.3% from the low, reaching a 24-hour high.
• 24-hour trading volume skyrocketed 127% to $38.5 million, indicating fresh capital inflows instead of mere rotation.
• Whale activity is strong: Exchange balances have decreased by 34% over 30 days, the proportion held by the top 100 wallets has risen to 28%, and all local pullbacks have been absorbed by buying within 24 hours.
Market Perspectives and Outlook
Community sentiment is highly bullish. Several analysts on X platform see this breakout as "non-noise." Whales have positioned themselves early, and the short-term is expected to continue rising into the $0.13-$0.15 range, while being cautious of a pullback below $0.107, which could signal a bearish reversal. Trading signals show buyers are dominating, with a recommendation to wait for a retest of $0.1095-$0.11 for confirmation before entering.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
When France and Germany pay for their deficits, fiscal discipline becomes the "moat" of the UK bond market; investors are positioning in advance for a rebound in gilt bonds.
Investors are betting that the new UK Chancellor, Healey, will uphold fiscal discipline and are purchasing gilts in advance. A smooth and steady budget plan is expected to turn the UK from a "risk" in the bond market into a "positive."
Anthropic's $2 Trillion IPO Faces Doubts: Risks of Mismatched Computing Commitments and Revenue
The independent institution New Constructs reported that the Anthropic IPO is absurd, with a valuation of only 150 billion. The main controversy lies in the mismatch between long-term computing power commitments and clients' short-term on-demand procurement models, coupled with macroeconomic headwinds and early investor sell-off pressure, leading to increased market volatility.
Anthropic allocates 5% of shares to set up a fund before IPO, Musk calls for direct distribution to the public
Anthropic announced the establishment of a public welfare fund, initially allocating 5% of its shares. When the company's valuation increases by 50%, another 2% will be added. The aim is to address the impact of AI on employment. Musk suggested directly distributing shares to the public.
AI Stocks Struggle to Rebound: Lacking Three Major Supports, July’s Rally Hard to Replicate
JPMorgan pointed out that due to the absence of ETF bargain-hunting funds, limited room for short covering, and the early termination of the $40 billion buyback by Samsung and SK Hynix, the rebound strength of AI stocks in October may not match that of July. The resurgence of leverage risk could intensify volatility.
Crypto prices
More
