Why Onyxcoin (XCN) Is Surging 91% Today
Onyxcoin $XCN is seeing a major price breakout today, trading at $0.01127 after surging 91.05% in the past 24 hours. The rally is largely driven by a massive spike in trading activity, with 24-hour volume jumping to $237.12 million, an increase of more than 400%. This surge in activity has pushed XCN’s market capitalization to $413.82 million, up nearly 94%, signaling strong renewed interest from traders.
XCN’s volume-to-market-cap ratio of 57.06% points to deep liquidity and sustained buying pressure rather than a thin, speculative move. Community growth is also supporting momentum, as the token is now held by approximately 140.90K holders, reflecting expanding market participation.
From a supply perspective, 36.68 billion XCN are currently in circulation out of a maximum supply of 68.89 billion, with a total supply of 48.4 billion tokens. While future unlocks remain a factor, today’s price action suggests traders are focused on momentum and near-term opportunity.
Overall, XCN’s sharp rise today appears driven by surging volume, strong liquidity, and heightened market attention.