HFT Token Soars 34% in 24 Hours as Trading Volume Hits $31M Amid High-Frequency Strategy Surge

HFTUSDT recorded a significant 24-hour price increase of 34.33%, rising from 0.0600 to 0.0806 USDT, with a notable surge in trading volume to $31.43 million USDT and 495 million HFT traded. The sharp price movement appears primarily driven by heightened market activity and increased interest in high-frequency trading (HFT) strategies, as highlighted by recent news of a trader achieving substantial profits using an HFT maker strategy on perpetual contracts. No new protocol updates, partnerships, or events were reported in the past week, suggesting the price action is likely fueled by speculative trading activity and broader positive sentiment in the crypto market rather than fundamental developments. Key metrics show HFT’s market capitalization near $40 million, a circulating supply of approximately 581 million tokens, and a recent recovery from its all-time low on June 23, 2025.