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IRYS stock jumps nearly 580% in 24 hours amid $21.4M short liquidations, trigger unknown

Market News
23 Oct 2026
AMBCrypto
View Source
Bullish
IRYS stock jumps nearly 580% in 24 hours amid $21.4M short liquidations, trigger unknown

IRYS stock surged nearly 580% within 24 hours, reaching a high of about $0.157 before settling near $0.142. This sharp rally coincided with around $21.4 million in short position liquidations, indicating heavy losses for traders betting on a price drop. However, the exact cause of the surge remains unclear. The stock's rapid rise and active trading suggest a significant repricing, but it is uncertain where the price will stabilize once the initial momentum fades.

Following the dramatic surge in IRYS stock highlighted in the news, on Pluang the asset continues to show strong momentum with a price of Rp1.386 as of Oct 24, 2026 03:04 WIB. The stock has gained 250.27% in the last day on the platform, with a market cap of Rp9,65 trillion and a 24-hour trading volume of Rp22,98 trillion. Trading activity is fairly balanced with 51% of orders to sell and 49% to buy, and typical holding time is around 4 days.

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