Numeraire price breaks above $11 amid 2,900% volume spike
Numeraire, a token linked to the artificial intelligence-powered hedge fund Numerai, has soared nearly 30% in the past 24 hours amid a staggering 2,900% spike in daily trading volume.
The Numeraire ( NMR ) price rose sharply as top cryptocurrencies wavered amid continued tariff uncertainty. As risk assets slipped on news that China had “violated” its trade agreement with the U.S., NMR, the native token of the AI hedge fund designed to democratize data science via blockchain, rallied to highs of $12.04 across major exchanges.
Upside momentum continued Numeraire’s recent uptick, with Friday’s performance marking its best in the past two weeks. Although its gains paled in comparison to the staggering 445% move for Pocket Network and the 150% upwing for Livepeer , NMR posted an astounding statistic of its own too.
NMR price currently hovers above the psychological $10 mark.
While price increased only by about 30%, the token’s daily volume skyrocketed by more than 2,900%. From lows of $5.46 million the day before—May 29, 2025—Numeraire buying pressure pushed the daily volume up to $156 million.
The spike in price and volume defied the broader market, with global crypto volume up by 7.5% to $142 billion and global market cap down 2.7% to $3.31 trillion. A look at the AI-related tokens sector showed that while sector volume rose an average 88% to over $7.4 billion, most of the top AI tokens were down between 4% and 13% in the past 24 hours.
Numeraire, whose AI approach includes integration of artificial intelligence and blockchain for data scientists, is seeing its utility token gain amid fresh interest in the project. NMR is used to incentivize data scientists with its utility in prediction and staking crucial.
Recently, Numerai revealed that the platform has recorded over $5.5 million in staking by data scientists.
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
Avalanche Price Prediction November 2026: Can AVAX Break $9.03?
US CPI Exceeds Expectations Again, Waller's Warning Comes True! Wall Street Focuses on Whether December Rate Hike Will Be 25 or 50 Basis Points; "New Fed News Agency": Stop-and-Go Strategy Faces Test
The "New Federal Reserve Newsletter" pointed out that before the release of the CPI, Waller suggested the possibility of a 50-basis-point rate hike in December, and so far, no other Fed officials have publicly responded. In addition to a single 50-basis-point hike, the Fed may also choose to signal consecutive rate hikes in December and January. Wall Street generally believes that inflationary pressures remain stubborn, further strengthening the case for a rate hike in December, though a 50-basis-point increase is not a consensus. The market is concerned about whether the Fed will extend the tightening cycle.
CPI Deals a Blow to US Bonds! 2-Year Yield Surges Over 20 Basis Points Intraday, Gold and Silver Plunge
After the release of the CPI, traders began to expect a lower likelihood of a 50 basis point rate hike in December; this year’s Federal Reserve voting member Logan stated that a faster pace of rate hikes may be needed this winter, with at least two more 25 basis point hikes required before pausing. Subsequently, the rise in U.S. Treasury yields continued to widen, with the 10-year yield climbing back above 5.0% and rising more than 10 basis points intraday; spot gold once fell over 3%, while spot silver at one point dropped more than 4%.
Historical Data Reveals When XRP Could Peak This Cycle
Crypto prices
More
