Announcements Gate Research: XRD Jumps over 60% in 24 Hours | Citi Warns Ethereum Activity likely Driven by Scams

Gate Research: XRD Jumps over 60% in 24 Hours | Citi Warns Ethereum Activity likely Driven by Scams

2026-01-23 06:34:27 UTC 11379 Read

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* Market Commentary: On January 23, BTC rebounded after a sharp sell-off that previously pushed it down to around $87,000, and is now consolidating within the $89,300–$89,900 range; ETH staged a technical rebound after falling to around $2,866, but retreated after encountering resistance near $3,000 and is now moving sideways in the $2,930–$2,980 range.
* Trending Tokens: Driven by sector rotation and improving market sentiment, small- and mid-cap tokens showed strong performance. XRD led the market with a 60.19% surge over 24 hours after breaking out on strong volume, while BXN and FUN rose by 39.82% and 25.43% respectively on capital inflows, highlighting a market environment dominated by thematic and high-beta plays.
* Alpha Insights: BTC held by a law enforcement agency was suspected to have been stolen in a phishing attack, involving approximately $47 million, once again underscoring the security risks in institutional-grade custody; Citi warned that the recent surge in Ethereum on-chain activity is likely driven mainly by “address poisoning” scams rather than genuine user demand; meanwhile, World Liberty Financial’s collaboration with Spacecoin to advance the USD1 satellite DeFi project signals that DeFi is exploring new application scenarios integrating satellite communications infrastructure.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-xrd-jumps-over-60-in-24-hours-citi-warns-ethereum-activity-likely-driven-by-scams/15979" target="_blank">Gate Research: XRD Jumps over 60% in 24 Hours | Citi Warns Ethereum Activity likely Driven by Scams</a>

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Gate Research: XRD Jumps over 60% in 24 Hours | Citi Warns Ethereum Activity likely Driven by Scams

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