By the way, the recent 24-hour performance is quite interesting, with the price jumping from $0.01449 to $0.0213 in one go, currently around $0.0189, with a volatility of up to 47%. It seems quite volatile.

Looking closely, the trading volume is a bit abnormal—about $12 million in 24 hours, compared to a market cap of $33 million, with the trading volume accounting for over 30%. Such a ratio indeed tends to amplify fluctuations. The problem is, there’s no clear news or large on-chain transfers to explain this rise and fall; it just looks like short-term capital flowing in and out.

Interestingly, BTW’s TVL recently ranks in the top 15, around $15.38 million, which might provide some fundamental support for the project. Discussions on X also mention lending strategies and TVL performance, with the community sentiment leaning optimistic. On CoinGecko, it’s 100% bullish, and CMC also shows 80% bullish.

But honestly, with such a high ratio of trading volume to market cap and no clear event driving it, caution is still needed. It depends on whether trading activity can stay sustained, and also keep an eye on the overall market—BTC has recently been testing the $70k support level. If the broader market wavers, projects with high volatility like this could become even more unstable.