GWEI (ETHGas) 24-hour amplitude 48.8%: Transaction volume surges 7x driving sharp spikes and drops

Volatility Brief

Over the past 24 hours, GWEI's price surged from a low of $0.089889 to a high of $0.133785, currently quoted at $0.09388, representing a volatility amplitude of 48.8%. Trading volume spiked sevenfold to a peak of approximately $23.89 million, with a market capitalization around $224 million.

Analysis of Abnormal Fluctuations

- Unusually high trading volume: soared from $17 million to a peak of $38.5 million, driving the price rebound from $0.095 to $0.138, followed by a pullback.

- On-chain whale accumulation: Exchange balances fell 34% over 30 days, Top-100 addresses' holdings rose to 28%, and buy orders fully absorbed all 7 local corrections, indicating strong large-buy support.

No official announcements or major transfer events observed.

Market View and Outlook

Mainstream communities and AI analysts are bullish; if the $0.099 support holds, a rebound to the $0.103-$0.106 range is possible. Short term is expected to consolidate; be cautious of a pullback to test the $0.095 liquidity level. Whale behavior signals “quiet confidence,” but further confirmation with higher highs and volume is needed.