Onyxcoin Skyrockets Nearly 80% in a Single Day

Onyxcoin (XCN) is on fire. The token surged more than 77% in the last 24 hours, officially breaking into the top 100 cryptocurrencies by market cap and posting one of the largest daily volume figures in the entire market.

The market cap now stands at $560 million, more than doubling over the past seven days. That’s not just a strong rally – it’s a full-scale return to the spotlight.

Weekly and Quarterly Growth Numbers Stand Out

Onyxcoin is up 96% in the past seven days – but nearly all of that came in just the last 48 hours. On a monthly scale, it’s showing a more modest 22% gain, as the token had been under pressure earlier due to tariff concerns and broader uncertainty.

Now that sentiment has improved – following Donald Trump’s decision to pause tariffs for most countries for 90 days – Onyxcoin is bouncing back, and doing it at breakneck speed.

It’s not just the price that’s moving. Volume has exploded alongside it. Compared to three days ago, daily trading volume has more than tripled – a 204% jump. Over the past week, it’s up more than 1,200%. That places Onyx among the most actively traded altcoins on the market right now, ahead of several larger-cap tokens like AVAX or SHIB.

History Repeats Itself?

Seeing an altcoin of this size nearly double in a single day is rare. But what makes this move even more striking is that it’s not the first time Onyxcoin has pulled off something like this.

Back in January, we covered its first major breakout – a surge that followed the resolution of a long-running dispute involving HTX Global and Justin Sun. At the time, Onyxcoin gained over 2,000% in a month, hitting a peak of $0.035 – more than twice the current price.

But the rally didn’t last. The token gradually lost steam over the following weeks, slipping below $0.008 as of just yesterday.

Bullish Charts, Overheated Signals

Momentum indicators are backing up the current move. Onyx is now well above its short-term averages, which sit between $0.010 and $0.011. The RSI is climbing fast and approaching overbought territory – expected after a move this sharp, but something short-term traders are keeping a close eye on.

A wave of profit-taking wouldn’t be surprising at this stage. Still, Onyxcoin has a track record of sustaining major runs longer than expected, and for now, the bulls are clearly in control.

A Market Leader, For Now

While much of the crypto market is still trying to recover, Onyxcoin is already putting up numbers that would turn heads even in a full bull market. Volume is spiking, momentum is strong, and its sudden entry into the top 100 is giving it a fresh wave of visibility heading into the weekend.

Whether the rally holds or not, Onyxcoin has already made its move – and the rest of the market is watching.