IDEX Token Surges 24.87% in 24 Hours as Trading Volume Hits $26.77M on Binance

IDEXUSDT experienced a significant 24-hour price increase of 24.87%, rising from 0.01697 to 0.02119 on Binance, with trading volume surging as high as 26.77 million USDT. This sharp upward movement follows recent heightened market activity and volatility, likely influenced by Binance placing IDEX under a Monitoring Tag, which increased trader awareness and may have prompted both risk-driven selling and speculative buying. Technical analyses earlier in the week indicated bearish momentum, but the recent spike in trading volume and price suggests a short-term reversal or increased speculative interest, possibly as traders react to the asset’s increased scrutiny and the need for risk assessments on Binance. The current market capitalization is approximately $22.15 million, with a circulating supply of around 960 million IDEX tokens, and IDEX has outperformed the broader cryptocurrency market over the same period.