Latest Chains of War (MIRA) News Update

By CMC AI
01 June 2025 01:53PM (UTC+0)

What is the latest news on MIRA?

TLDR

No recent news has emerged for Chains of War (MIRA) in the past 14 days, but its price surged 315% in 24 hours amid extreme volatility and low liquidity.

  1. No material updates – No official announcements, partnerships, or technical developments reported.

  2. Speculative trading – 24h volume spiked 6,907% to $3.27M despite a $1.25 self-reported market cap.

  3. High risk profile – 30-day price drop of 99.99% and -57.98% weekly decline highlight instability.

Deep Dive

1. Market metrics

  • Price volatility: MIRA’s 315% 24h surge to $0.000000005 contrasts with a -57.98% weekly drop, signaling speculative trading rather than organic growth. The 30-day decline of 99.99% underscores extreme risk.
  • Liquidity concerns: A $3.27M 24h volume against a $1.25 self-reported market cap implies a turnover ratio of 2.62M%, suggesting possible wash trading or thin order books.
  • Holder activity: Only 72 wallet addresses hold MIRA, with 65 classified as “holders” (coins untouched >1 year). No new holders added in 30 days (CoinMarketCap).

2. Regulatory & external factors

  • Unverified metrics: The project’s self-reported circulating supply (250M MIRA) and market cap lack third-party audits, a red flag for transparency.
  • Macro context: Bitcoin dominance rose to 63.66% (from 63.44% yesterday), pressuring altcoins like MIRA in a neutral sentiment market (CMC Fear & Greed: 56/100).

Conclusion

MIRA’s price action appears detached from fundamentals, driven by micro-cap speculation in a risk-off crypto environment. What catalysts could stabilize MIRA’s valuation, given its lack of recent development activity?

What are people saying about MIRA?

TLDR

Chains of War (MIRA) faces extreme skepticism due to catastrophic long-term price declines (-99.99% over 30 days) and low adoption, but a recent 532% 24-hour pump has sparked speculative interest.

  1. Hyper-volatile microcap: 24h volume surged 10,499% to $4.97M, but self-reported market cap is just $1.91.

  2. Concentration risks: 98.77% of tokens held by non-top-10 wallets, but only 72 total holders.

  3. No verifiable traction: No news coverage, stagnant holder count (65 total), and unverified supply data.

Deep Dive

1. Sentiment drivers

  • Price collapse: MIRA has lost 99.99% of its value in 30 days, eroding trust. The 532% 24h pump (to $0.00000000762) appears driven by microcap speculation rather than fundamentals.
  • Liquidity red flags: Turnover (volume/market cap) hit 2.6M, suggesting possible wash trading or low liquidity enabling extreme price swings.
  • Holder stagnation: Only 65 holders total, unchanged for 30+ days (CoinMarketCap), signaling minimal organic adoption.

2. Structural concerns

  • Centralization: Top 10 wallets hold just 1.23% of supply, but 250M MIRA (25% of total supply) is self-reported as circulating—a potential red flag for hidden whale control.
  • Noise vs signal: The absence of news or social media chatter (per CMC data) contrasts with the price spike, hinting at coordinated trading rather than organic demand.

Conclusion

MIRA exemplifies high-risk microcap dynamics: extreme volatility, opaque tokenomics, and speculative pumps unsupported by use cases or community growth. What catalysts could stabilize MIRA’s price given its lack of verifiable on-chain activity or partnerships?

CMC AI can make mistakes. Not financial advice.