Spot trading briefly cleared $0.32, while IRYS perpetual contracts topped $0.50 and rose more than 780% in four hours.
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IRYS hit a record high of 0.32757 USDT on Bitget, but hours later dropped to 0.08631 USDT, recording a 74% loss, although the USDT pair still saw a turnover of $57.9 million.