$IRYS just surged 40% in one go! It climbed from 0.01296 to 0.02237, with $144.7 million in trading volume pouring in. That’s no joke.

Look at the U.S. stock market—it’s been crawling along these past couple of days. Gold surged and then pulled back, and oil’s been weak too. Money has to go somewhere, right? Bitcoin’s trading sideways, so funds are starting to sweep into smaller coins. $IRYS is one of the ones getting picked up.

Its 24-hour range is nearly 70%. You’d never see volatility like that in traditional markets. That said, after peaking at 0.02237, it pulled back to 0.0182, so there’s still selling pressure overhead. Be cautious about chasing the rally.

Altcoin moves like this can come and go fast, so don’t get carried away. I’m just watching to see whether it can hold above 0.018—if it can’t, it’s all just hot air 😅