FUN Token Drops 7.53% Amid XFUN Wallet Hype, 25M Burn, and iGaming Sector Surge

FUNUSDT experienced a 7.53% price decrease in the past 24 hours, with the current price at $0.013498 on Binance. The recent price volatility and trading activity are largely attributed to renewed interest in the iGaming sector, the recent burn of 25 million FUN tokens, and anticipation around the upcoming XFUN Wallet launch, which initially drove bullish momentum and a surge in trading volume. However, after breaking through key resistance and reaching a recent high, technical indicators such as a Relative Strength Index (RSI) of 44 and declining volume have signaled a shift to a slightly bearish sentiment, contributing to the recent price pullback.

Over the last 24 hours, FUNUSDT has maintained active trading with a volume of approximately $71.34 million on Binance and a market capitalization of about $144.83 million, reflecting continued trader interest despite recent price corrections.