đ§ Why Is Mind Network (FHE) Price Surging Today?
Mind Network $FHE is up a strong 23.19% in the last 24 hours, driven mainly by a massive spike in trading activity. The most notable factor is the 24-hour volume jumping 158.85% to $15.58M, which is almost equal to its $15.54M market cap. A Vol/Mkt Cap ratio above 100% signals intense market participation, often linked to momentum trading and short-term bullish sentiment.
Another supportive factor is supply positioning. Out of the 1B total and max supply, only 350.99M FHE is currently in circulation. This relatively limited circulating supply can amplify price movements when demand rises sharply. The unlocked market cap ($16.74M) being close to the current market cap also reduces immediate dilution concerns.
Additionally, Mind Network has a large holder base of over 103K wallets, reflecting broad distribution and growing awareness. While TVL remains modest, todayâs move appears driven by volume expansion, speculative interest, and favorable supply dynamics, making FHE one of todayâs standout gainers.
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