PYTH price explodes by 100%: is this the start of new highs?

PYTH price explodes by 100%: is this the start of new highs?

On August 29, 2025, the crypto token PYTH recorded a remarkable increase of over 100% in just 24 hours. This rapid price development was triggered by the US government's announcement that it plans to distribute macroeconomic data via blockchains. At the time of the increase, PYTH price was at $0.223, which remains below the all-time high of $1.20. Despite an annual decline of about 16%, there are signs of further growth and the price could rise towards $0.40, representing an additional gain of almost 80%, [investx] reports.

Within this dynamic trading week, PYTH reported a trading volume of $813.8 million, an increase of over 3,200%. This resulted in PYTH being added to CoinMarketCap’s list of top gainers. In addition to the euphoria on social media fueled by government support, the positive market reaction and a Bloomberg headline also contributed to the issue's virality. According to [cryptomonday], there was strong interest in real-time price transmission across over 100 blockchains, further increasing confidence in the token.

Technical analysis and market development

PYTH technical analysis shows mixed signals. On the one hand, a group of whales reduced their positions by 2.86%, while other groups of buyers filled this gap. Notably, buyers have absorbed more than $22 million in tokens, energizing market activity. At the same time, trading platform reserves fell by 77.2 million PYTH (approximately $17.2 million), while the top 100 addresses added 24.1 million PYTH (approximately $5.37 million).

On-chain analysis shows that more than half of the moving averages signal “Buy”. The 50-day EMA is about to cross above the 100-day EMA, which is interpreted as a bullish signal. At the same time, the Bull Bear Power indicator remains positive, suggesting that buying pressure is dominating selling pressure.

Market growth and institutional support

Institutional investors view PYTH as a trusted bridge between Wall Street and the decentralized finance (DeFi) sector. With the use of blockchain to publish official economic data, analysts have seen greater potential for the price to rise, especially if more institutional investors get on board. However, experts warn that investors should be cautious and consider diversification due to high volatility.

For investors who want to purchase PYTH, there are clear instructions on how to register on the Bitget website, undergo KYC verification, and choose the right trading pair. In the context of these positive developments, the PYTH community is keeping its eyes open for next steps and strategies to maximize their investments.