IRON (Iron Fish) rose 48.60% in 24 hours

Gate News Bot news, on October 27th, according to CoinMarketCap data, as of the time of writing, IRON (Iron Fish) is currently priced at 0.42 USD, having risen 48.60% in the last 24 hours, with a peak of 0.73 USD and a low of 0.20 USD, and the 24-hour volume reaching 2.17 million USD.

Iron Fish is a zero-knowledge Layer 1 blockchain that provides optional privacy protection for assets on a transparent chain. The project was founded by industry veterans and is supported by top investors. Iron Fish supports multi-asset trading, meaning that any crypto asset can be imported into the Iron Fish network for private transactions with the support of bridging providers. The project has designed a token economy to promote community participation and secure the network, including a capped token supply and strategic distribution to reward early contributors. Iron Fish also offers secure, accessible wallets and supports bi-directional bridging for over 20 EVM-compatible chains.

Important news about IRON recently:

1️⃣ Coinbase builds privacy trading on Base Coinbase CEO Brian Armstrong publicly stated that the company is building privacy trading features on Base. This work began after Coinbase acquired the Iron Fish team in March 2025. This move demonstrates the importance that large cryptocurrency exchanges place on privacy technology and may enhance the market's recognition of the value of Iron Fish technology.

2️⃣ Privacy protection demand drives price rise As the demand for privacy protection in the cryptocurrency market increases, Iron Fish has attracted more attention as a Layer-1 blockchain that provides optional privacy features. Its unique multi-asset privacy trading functionality has become a core advantage driving the price rise, reflecting investors' optimism towards privacy technology.

3️⃣ The prospect of technological applications expands The Iron Fish team continues to develop privacy-preserving primitives on Base after being acquired by Coinbase, indicating that its technology has application value in a broader blockchain ecosystem. This technological extensibility may have inspired investor confidence in the future potential of the IRON token.

From a technical perspective, the price of IRON has experienced significant fluctuations in the short term, soaring from a low of $0.20 to a high of $0.73 within 24 hours, indicating strong buying momentum. However, such drastic price movements may also pose a higher risk of correction, and investors should carefully monitor subsequent trends.

This message is not intended as investment advice; investors should be aware of market volatility risks.