MLN (Enzyme) fell 26.41% in 24 hours

Gate News Bot news, on October 21, according to CoinMarketCap, as of the time of writing, MLN (Enzyme) is currently reported at $10.61, falling 26.41% in the last 24 hours, reaching a high of $17.01 and a low of $5.05, with a 24-hour volume of $232 million. The current market capitalization is approximately $31.7 million, a decrease of $11.38 million compared to yesterday.

Enzyme is a global tokenized financial infrastructure. The platform provides comprehensive infrastructure for industry leaders to efficiently manage on-chain assets, optimize operational processes, and develop innovative financial strategies tailored to their unique goals and challenges.

Important recent news about MLN:

1️⃣ The imminent delisting of the trading pair has caused market fluctuations The MLN/USDT and MLN/USDⓈ (MLN/USD) trading pairs will officially be delisted from 4:00 PM to 6:00 PM on October 23, 2025. This move may lead to investors accelerating their adjustments in positions in the short term, resulting in significant volatility in the MLN price. The market has reacted strongly to this, causing a large fluctuation with a significant rise followed by a fall within 24-hour volume.

2️⃣ Trading service suspension affects market liquidity As of 4:00 PM on October 16, 2025, relevant trading services have been suspended, requiring users to complete order cancellations before going offline. This measure has severely impacted the liquidity of the MLN market in the short term, exacerbating price volatility. The sudden increase in volume reflects investors' rush to adjust their positions within a limited time.

3️⃣ Investor sentiment fluctuations drive significant price volatility In response to the news of the trading pair being delisted, investor sentiment showed a clear divergence. Some investors chose to buy the dip on October 20, driving the MLN price to soar by 85.50% within 24 hours. However, subsequent profit-taking and ongoing delisting pressure led to a significant fall of 26.41% in the MLN price over the next 24 hours. This extreme volatility in sentiment was directly reflected in the substantial price fluctuations.

From a technical perspective, the MLN price has experienced rare and significant fluctuations in the short term, indicating a highly unstable market sentiment. The price has undergone a dramatic oscillation from $5.05 to $17.01 in a short period, reflecting the market's great uncertainty regarding MLN's future trend. Investors should closely monitor subsequent developments and remain vigilant of potential high risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.