FUN Token Sees 12% Drop Amid Smart Contract Upgrade, Exchange Shifts, and Surging 44M USDT Volume

FUNUSDT experienced heightened volatility in the past 24 hours, with a 12.30% price decrease to $0.012935 on Binance, following a 24h open of $0.014749. The recent price movements are attributed to several key factors: the ongoing smart contract upgrade proposal and related community voting, increased large transfers (87% directed to Binance and OKX), and the delisting of FUNUSDT perpetual futures from Phemex, which has concentrated spot trading activity on major exchanges. Additionally, recent token burns, integration with iGaming platforms, and anticipation around the XFUN Wallet have contributed to renewed interest and significant trading volume.

Currently, FUNUSDT is trading at $0.012935 on Binance, with 24-hour volume exceeding 44 million USDT and a market capitalization near $147 million, reflecting strong but volatile market activity amid shifting exchange dynamics and ongoing developments within the FUNToken ecosystem.