#BinancePick IRYS Crashes Over 70% After Parabolic Short Squeeze Rally
Irys (IRYS) is the biggest mover in crypto today, but for the wrong reason. After a massive short-squeeze rally yesterday, the token tumbled than 70% in 24
What happened today:
According to Odaily and TradingView, IRYS traded at $0.031 USDT today, down more than 70% over the past 24 hours. TokenPost reports a 69.7% drop to $0.033 USDT, leaving the token about 90% below its recent peak after the sharp rally earlier in the week.
On-chain data shows IRYS achieved its all-time high of $0.32 on Oct 24, 2026. Today it's trading around $0.03593 to $0.0377 with trading volume over $275M-$304M.
Why it crashed:
Yesterday, IRYS soared by 259.95% to $0.0917 and even spiked above $0.32 on short squeeze, with perpetual contracts briefly exceeding $0.50 and rising over 780% in four hours. Today's move is pure profit-taking and leverage unwind — described as "leverage-fueled volatility" with extreme swings.
CoinMarketCap analysis notes IRYS is down 54.56% to $0.0395, sharply underperforming a flat broader market, primarily driven by heavy profit-taking after a parabolic rally.
Market Outlook:
Resistance is now seen at $0.16–$0.24, and traders are watching for stabilization above $0.03. With daily volume still over $299M on OKX alone, volatility is expected to continue. This is a high-risk token right now — trade carefully.
Irys (IRYS) is the biggest mover in crypto today, but for the wrong reason. After a massive short-squeeze rally yesterday, the token tumbled than 70% in 24
What happened today:
According to Odaily and TradingView, IRYS traded at $0.031 USDT today, down more than 70% over the past 24 hours. TokenPost reports a 69.7% drop to $0.033 USDT, leaving the token about 90% below its recent peak after the sharp rally earlier in the week.
On-chain data shows IRYS achieved its all-time high of $0.32 on Oct 24, 2026. Today it's trading around $0.03593 to $0.0377 with trading volume over $275M-$304M.
Why it crashed:
Yesterday, IRYS soared by 259.95% to $0.0917 and even spiked above $0.32 on short squeeze, with perpetual contracts briefly exceeding $0.50 and rising over 780% in four hours. Today's move is pure profit-taking and leverage unwind — described as "leverage-fueled volatility" with extreme swings.
CoinMarketCap analysis notes IRYS is down 54.56% to $0.0395, sharply underperforming a flat broader market, primarily driven by heavy profit-taking after a parabolic rally.
Market Outlook:
Resistance is now seen at $0.16–$0.24, and traders are watching for stabilization above $0.03. With daily volume still over $299M on OKX alone, volatility is expected to continue. This is a high-risk token right now — trade carefully.