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$PYTH dips below mid-band and RSI trends lower as $313M token unlock looms

19 травня 2025 р. о 08:48 •

Pyth Network, the decentralized oracle network, is under significant pressure just hours ahead of a major token unlock scheduled for Monday, May 19.

$PYTH price has fallen 7% in the past 24 hours to $0.1449. The token has now declined over 21% in the past seven days and is trading 87.65% below its all-time high of $1.20. Despite the downturn, market activity has picked up.

PYTH’s 24-hour trading volume rose 45.3% to $38.5 million, and derivatives volume surged 58%, as per Coinglass data. A rise in open interest by 0.71% suggests that new positions are being added rather than closed, reflecting cautious positioning as traders anticipate volatility from the upcoming unlock.