$FHE has recently surged over 200%, with trading volume skyrocketing to 40 million USD, revealing the story behind it.
Recently focused on $FHE , this coin is really strong. It took off on December 7th, and has now increased by 247%, more than doubling in value. The current price is around 0.054U, with a 24-hour trading volume soaring to 41 million USD, indicating very active funding.
To be honest, this kind of increase is quite impressive in the recent market. On December 9th, it was even more exaggerated, with a single-day surge that pushed it to the top of the Binance increase rankings. The contract trading volume ranked 19th in the cryptocurrency market, second only to $SUI, indicating that large funds have started to pay attention.
Why is it surging so much? Several catalysts:
First, KuCoin just launched contracts on December 8th, offering 1-10x leverage, which improved liquidity instantly. Then the Chainlink Rewards Season 1 listed FHE as one of the first projects, allowing LINK holders to vote for rewards through 'Cubes', and this wave of ecological endorsement is really strong.
