PYTH price risks wiping out recent gains as profit taking mounts
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最新报道：Pyth Network's PYTH token has dropped over 11% in the past 24 hours to around $0.16, with its market cap falling below $1 billion to approximately $935 million. The decline follows a 100% surge to a six-month high of $0.25, driven by the U.S. government's adoption of Pyth and Chainlink for on-chain economic data. Profit-taking and broader crypto market pullback have contributed to the slump, reducing weekly gains to about 41%. Analysts suggest altcoins may face further declines in September before a potential Q4 recovery.
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