Cysic (CYS) fluctuated 41.1% in 24 hours: Mainnet upgrade VenuszkVM system directly drives movement
Bitget Pulse2026/04/10 23:00Volatility Brief
In the past 24 hours, the price of CYS hit a low of $0.1687 and a high of $0.238, currently trading at $0.22705, with an overall amplitude of 41.1%. Trading volume surged significantly to approximately $63.76 million, showing a sharp increase compared to normal; net CEX outflow was about $63,000, but overall net inflow reached $264,200.
Analysis of the Cause of the Fluctuation
- Mainnet Upgrade Announcement: On April 10, Cysic officially announced a mandatory upgrade of its mainnet proof system to its self-developed Venus zkVM, accompanied by a 96-hour $2,000 rewards campaign, directly triggering dramatic price swings and a surge in trading volume.
- No significant on-chain transfers by whales or abnormal capital inflows were observed; the fluctuation was mainly catalyzed by the upgrade event.
Market Opinions and Outlook
The prevailing sentiment in the community is cautious. Trading analysis suggests a short-term bearish dominance (with support around $0.2025), but if a rebound occurs, the target could be the $0.2299 supply zone. Analysts highlight post-upgrade liquidity risks and potential 30% swings, advising to wait for confirmation signals.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for information purposes only.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
Here’s why BlackRock believes autonomous AI systems will drive next stablecoin boom
BlackRock expects exchange-traded compute futures as it pitches stablecoins for AI agents
Report: TSMC to Raise Wafer Foundry Prices by 3% to 6% Starting January Next Year, Order Visibility Extended to 2030
According to media reports, TSMC's advanced and high-priced processes such as 2nm and 3nm have seen the largest price increases; mature and specialty processes are subject to individual negotiation based on products, capacity utilization, and customer conditions. Currently, TSMC's 8-inch fabs have a capacity utilization rate exceeding 100%, and processes below 45nm are at full capacity. The construction of AI data centers is not only driving demand for GPU and HBM, but also boosting orders for mature processes such as PMIC, MCU, and analog ICs.
U.S. Treasury plans to repurchase up to $6 billion in long-term bonds, 30-year yield hits highest since 2007
This is the second round of enhanced long-term bond buybacks by the Treasury, this time focusing on 20- to 30-year government bonds. After the announcement of the planned upper limit, the yield on 30-year U.S. Treasury bonds continued to rise, at one point exceeding 5.4%. In the first round of enhanced buybacks two weeks ago, the upper buyback target was also $6 billion, which was lower than some market participants had expected, and the actual buyback amounted to only $5.2 billion due to insufficient competitive bidding, according to the Treasury.
Crypto prices
More
