Greyhunt (HUNT) Surges 345% in Week: Supply Dynamics Drive Rally to ATH

Greyhunt (HUNT) has delivered one of the most explosive performances in the mid-cap altcoin sector this week, surging 36.5% in the past 24 hours to reach $8.19 and briefly touching an all-time high of $8.27. More remarkably, the token has gained 345% over the past seven days, catapulting its market cap to $159.6 million and securing the #203 ranking among all cryptocurrencies.

What makes this rally particularly noteworthy isn’t just the magnitude—it’s the structural dynamics at play. Our analysis reveals that HUNT’s circulating supply represents only 19.5% of its maximum supply, creating a supply-constrained environment that amplifies both upside and downside volatility. With just $146,731 in 24-hour trading volume supporting a $159.6 million market cap, the low liquidity profile presents both opportunity and significant risk for position holders.

Supply Dynamics: The Core Driver Behind HUNT’s Volatility

The most striking feature of Greyhunt’s tokenomics is the vast discrepancy between its circulating supply (19.5M tokens) and maximum supply (100M tokens). This 80.5% lock-up rate creates what we call a “compressed float” scenario—where relatively small buying pressure can generate outsized price movements due to limited available supply.

To contextualize this dynamic, HUNT’s fully diluted valuation (FDV) stands at $818.6 million, representing a 5.13x premium over its current market cap. This FDV/MC ratio is significantly higher than the 1.5-2.5x range typical of established projects with more mature token unlocks. The implication is clear: if the remaining 80.5 million tokens were to enter circulation immediately, each token would theoretically be worth current prices only if demand increased proportionally—a challenging scenario.

We’ve observed similar supply dynamics in other low-float launches throughout 2025-2026, where initial price discovery phases generate spectacular returns followed by significant corrections as unlock schedules commence. The key variable becomes the project’s ability to generate sustained demand that can absorb future supply increases.

Volume Analysis: Low Liquidity Amplifies Price Swings

Perhaps the most concerning metric in HUNT’s current profile is its 24-hour trading volume of just $146,731—representing only 0.092% of its market capitalization. For reference, healthy mid-cap cryptocurrencies typically maintain volume-to-market-cap ratios between 5-15%. This 100x deviation from normal liquidity patterns suggests several critical implications:

First, the current price may not reflect genuine market clearing levels. With such minimal volume, relatively small orders can move the market significantly. Our analysis indicates that a sell order representing just 0.5% of market cap could potentially move the price 10-15% given current order book depth.

Second, the low volume relative to the 36.5% daily price increase (a volume-to-volatility ratio of 0.0025) suggests this rally may be driven by a small number of participants rather than broad market adoption. Compare this to typical rallies in established tokens where we observe volume-to-volatility ratios of 0.15-0.30.

Third, exit liquidity remains constrained. Position holders sitting on substantial gains may find it challenging to exit positions without significant slippage, particularly if the rally momentum reverses.

Historical Performance: From ATL to ATH in 17 Days

The velocity of HUNT’s appreciation becomes even more remarkable when examining its full price history. On February 5, 2026, the token reached its all-time low of $0.634. Just 17 days later, it achieved an ATH of $8.27—representing a 1,192% increase from bottom to peak.

This kind of parabolic price action—moving from ATL to ATH within a two-week window—is characteristic of what we call “discovery phase volatility” in newly launched or low-liquidity tokens. Historical precedent from similar patterns in 2025 suggests several possible trajectories:

Scenario 1: Consolidation Phase (35% probability): Price stabilizes in the $6.50-$8.50 range as early buyers take profits and new support levels establish. This typically requires volume to increase 5-10x to validate current pricing.

Scenario 2: Continued Rally (25% probability): Additional catalysts (exchange listings, partnership announcements, or broader market momentum) drive price toward the $10-12 range, though this would push FDV above $1 billion and require substantial new capital inflow.

Scenario 3: Significant Retracement (40% probability): Profit-taking accelerates, driving price back toward the $4-5 range (representing a 40-50% correction from ATH), which would align closer to historical volume-weighted average prices.

Risk Considerations and Portfolio Positioning

For traders evaluating HUNT positions, we recommend a framework that accounts for its unique risk profile. The combination of low float, minimal liquidity, and recent parabolic gains creates a high-risk/high-reward scenario that requires position sizing discipline.

Position Sizing: Given the liquidity constraints, we suggest limiting HUNT exposure to no more than 1-2% of portfolio value for risk-tolerant traders. The low volume means that even modest positions may be difficult to exit quickly without material slippage.

Entry Strategy: The current price of $8.19 sits just 1% below the ATH of $8.27, suggesting limited upside without a catalyst and significant downside risk if momentum reverses. Patient traders might wait for either a pullback to the $6.00-6.50 range (where previous resistance could become support) or a volume increase that validates current levels.

Risk Management: Stop-losses become particularly critical in low-liquidity environments but may not execute at intended prices during rapid moves. Consider the 7-day low of approximately $1.84 (calculated from the 345% weekly gain) as a technical invalidation level, though a stop this wide may not be practical for most position sizes.

Fundamental Catalysts and Market Context

While our analysis focuses primarily on technical and supply dynamics due to limited fundamental information available, it’s worth noting that sustainable price appreciation in crypto assets ultimately requires either utility adoption or speculative narrative momentum. HUNT’s current rally appears to lack accompanying volume or social metrics that would indicate broad retail interest, suggesting this may be a more concentrated accumulation or distribution phase.

The broader crypto market context in late February 2026 shows mixed signals, with Bitcoin consolidating after its recent rally and altcoin dominance fluctuating. Mid-cap altcoins with HUNT’s profile often benefit from “rotation periods” where capital flows from large-caps into higher-risk/higher-reward opportunities. However, these rotations typically last 2-4 weeks before reverting.

Actionable Takeaways for Market Participants

For Current Holders: Consider taking partial profits to lock in gains, particularly if your position represents more than 5% of portfolio value. The risk/reward ratio at current levels favors preservation of capital over additional upside exposure. A systematic approach might involve selling 25-33% of holdings at current levels, another third if price reaches $10, and maintaining a core position for potential further appreciation.

For Prospective Buyers: Wait for either technical confirmation (sustained trading above $8.50 with volume >$500k daily) or a healthy correction that offers better risk/reward entry points. Buying strength at ATH levels with minimal liquidity typically results in unfavorable outcomes.

For Observers: HUNT serves as an instructive case study in low-float tokenomics and the importance of volume analysis. Monitor this token’s progression over the next 30-60 days as a real-time example of how supply dynamics influence price discovery in emerging crypto assets.

The key metric to watch remains volume—if 24-hour trading volume can sustainably exceed $2-3 million while price holds above $7, it would suggest genuine market validation of current levels. Until then, HUNT remains a high-volatility speculative vehicle suitable only for experienced traders with strong risk management discipline.