TrueFi (TRU) sees 46.8% volatility in 24 hours: High trading volume and expected Binance delisting drive fluctuations

Brief Description of Price Fluctuations

Over the past 24 hours, the price of TRU rebounded from a low of $0.00372 to a high of $0.00546, currently quoted at $0.00519, with an overall amplitude of 46.8%. Trading volume surged significantly, with a 24-hour trading amount of approximately $7.74 million, equivalent to 135% of market capitalization, reflecting a sharp increase in market activity. A rebound occurred after touching the historical low of $0.003745 on April 20.

Brief Analysis of the Cause of the Price Movement

- No official announcements, major on-chain whale activity, or news events directly driving the price movement within the past 24 hours.

- High trading volume ($7.74 million) is the main factor, accompanied by the upcoming delisting of TRU (along with DEGO and DENT) from Binance on April 28, which triggered community selling pressure and panic selling, pushing the price to its low.

- TrueFi protocol's TVL is only $21,700, and active loans total $76,700. On-chain activity is sluggish, with no noticeable anomalies.

Market Opinions and Outlook

Community sentiment is split. CoinMarketCap polls show 88% bearish due to delisting expectations, while CoinGecko shows 50% bullish. Some traders on X platform shared technical analysis, believing TRU is close to a downward wedge reversal and could rebound to $0.09-$0.14, but caution is advised regarding delisting risks and amplified volatility due to low liquidity.