TRUTH(Swarm Network)24 hours pump 22.55%

Gate News Bot news, October 16, according to CoinMarketCap data, as of the time of writing, TRUTH( Swarm Network) is currently priced at 0.01 USD, having risen 22.55% in the last 24 hours, with a peak of 0.02 USD and a low of 0.01 USD. The current market capitalization is approximately 27.9 million USD, an increase of 5.13 million USD compared to yesterday.

Swarm Network is a network based on multi-agent collaboration and decentralized truth verification. The project aims to achieve real-time validation of any data by combining decentralized AI agent clusters, cryptographic technology, and zero-knowledge proofs, providing a powerful infrastructure for the next generation of decentralized applications. The Truth protocol of Swarm Network ensures the accuracy and credibility of data through a hybrid verification system that combines automated processing of AI clusters and human supervision.

Important news about TRUTH recently:

Exchange listing and derivative launch

• First Listing: TRUTH token will be listed on multiple major exchanges on October 1, 2025.
• High-leverage derivatives: Major CEX also launched TRUTHUSDT perpetual contracts on October 1, offering up to 50x leverage, indicating the market's speculative interest in this project.

Airdrop event

• CEX Alpha Airdrop: As part of the listing celebration, CEX hosted a TRUTH token airdrop for its Alpha users. Users must use Alpha points to claim the airdrop between October 1 and October 2, with a threshold of 180 Alpha points.

Market performance and price fluctuations

• AI Narrative Driven: The TRUTH token has garnered market attention in its early launch phase due to its AI verification and decentralized protocol narrative.
• Selling pressure after listing: Despite high attention, TRUTH experienced selling pressure shortly after its listing. This may be related to early investors or airdrop recipients taking profits, leading to a price drop.
• Liquidity and Staking: Although the initial trading volume is high, analysis shows that a large portion of the circulating supply of TRUTH (approximately 87%) has not yet been staked, indicating a speculative nature, and long-term participation remains to be observed.

Future Outlook

• Agent BUIDL Platform: Swarm Network plans to launch the Agent BUIDL platform in Q4 2025, and the market will be watching whether this platform can convert trading volume into actual staking and network applications.
• Long-term Outlook: Despite short-term market volatility, the project's AI verification and decentralized vision remain key to its long-term value. The ability to successfully convert information into verifiable on-chain data is an important indicator of its future development.

From a technical perspective, the price of TRUTH has seen a significant pump in the past 24 hours, but it remains to be seen whether it can break through and hold above the key resistance level of $0.02.

This message is not investment advice; investors should be aware of market volatility risks.