GRASS fluctuated 43.4% within 24 hours: AI narrative drives a significant price rebound
Bitget Pulse2026/05/24 03:04Brief on Volatility
GRASS saw its price surge from a low of $0.3894 to a high of $0.5585 within the past 24 hours, currently trading at $0.5398, with an amplitude of 43.4%. According to CoinGecko and CoinMarketCap data, the 24-hour trading volume exceeded $50 million, with a price increase of approximately 30-35% compared to the previous day. There is a clear inflow of capital, and perpetual contract open interest (OI) rose from about $23.34 million the day before to over $40 million, indicating increased risk exposure among traders.
Brief Analysis of Cause Behind the Movement
This price move was mainly driven by a renewed AI narrative:
- Media outlets such as FXStreet reported that Near Protocol and AI-related tokens like GRASS extended their rallies as sentiment in the AI sector improved, with GRASS posting gains for three consecutive days.
- As a DePIN project (decentralized bandwidth sharing network for AI data collection), Grass continues to attract attention due to its fundamentals such as “solving AI data scarcity” and previously reported $33 million revenue.
- On-chain and market data indicate that an expansion in retail demand combined with rising futures OI has created direct buying pressure. No major negative or adverse events were observed, and previous lows may be attributed to profit-taking activity.
Market Opinion and Outlook
The prevailing sentiment among the community and analysts is optimistic, believing that the AI/DePIN narrative is gaining traction. GRASS, as a representative of this sector, is expected to maintain short-term momentum; however, caution is advised regarding profit-taking and overall market volatility risks. Some opinions point out that while rising OI supports upward momentum, key support levels must be monitored in this high-volatility environment. In the long run, the project’s actual data sales and revenue growth remain the key factors.
(The above analysis is based on public market data and major reports within the past 24 hours; price and trading volume are subject to real-time CoinGecko/CMC data.)
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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