IRYS experienced a short squeeze this morning, surging past $0.32 at one point and gaining over 280% in 24 hours.

BlockBeats news, October 24 - According to HTX market data, IRYS surged past $0.32 this morning, then fell back to $0.10, up over 280% in 24 hours, with a market cap currently at $266 million.

This market movement may be influenced by short squeeze sentiment in futures contracts; IRYS perpetual contracts briefly broke $0.5, rising over 780% within 4 hours, and have now fallen back to around $0.10.