PUFFER (PUFFER) fluctuated by 52.7% in 24 hours: KuCoin delisting announcement triggered a short squeeze followed by a pullback

Volatility Overview

In the past 24 hours, PUFFER price rebounded from a low of $0.02525 to a high of $0.03864, currently quoted at $0.02836, with a price swing of 52.7%. The 24-hour trading volume has surged significantly to around $18.44-24.42 million, a notable increase compared to usual.

Brief Analysis of Abnormal Movement Reasons

- KuCoin announced the delisting of PUFFER perpetual contracts on April 8th, which led traders to close positions in advance—particularly forcing short sellers to buy back, triggering a short squeeze and price pump.

- At the same time, a delisting announcement for Binance Futures intensified liquidity pressure. Under low liquidity conditions, whale buying and a 570% increase in trading volume amplified volatility.

Market Views and Outlook

The prevalent sentiment in the community is cautiously optimistic, acknowledging the pump driven by the short squeeze but frequently warning of high pullback risks after the pump (e.g., chasing high prices may be a trap, potential false breakouts). Some traders expect a short-term rebound toward the $0.029-$0.038 support region, but if $0.025 is lost, their outlook turns bearish toward approximately $0.02; analysts suggest monitoring potential selling pressure from the April 12 unlock event.