$IRYS
IRYS/USDT
Yesterday, the asset experienced extremely high volatility. A trader entered at $0.025 and started aggressively pumping the price. They built up a $1–2M short position on Binance, then pumped the price by buying on the market through the Aster DEX. Eventually, the Binance short was liquidated, triggering aggressive market buys (closing a short = buying), and the price surged in sharp 20–50% moves. Overall, the asset gained 3,733% in 24 hours—a move not seen in a very long time. After that, it crashed by 99%, from $0.60 to $0.063.
IRYS/USDT
Yesterday, the asset experienced extremely high volatility. A trader entered at $0.025 and started aggressively pumping the price. They built up a $1–2M short position on Binance, then pumped the price by buying on the market through the Aster DEX. Eventually, the Binance short was liquidated, triggering aggressive market buys (closing a short = buying), and the price surged in sharp 20–50% moves. Overall, the asset gained 3,733% in 24 hours—a move not seen in a very long time. After that, it crashed by 99%, from $0.60 to $0.063.
