Pyth Network PYTH

What PYTH actually is on-chain

Pyth Network is an SPL token deployed on Solana, at contract address hz1jovnivvgrgniiyveozevgz58xau3rkwx8eacqbct3. That address, not the ticker PYTH, is what uniquely identifies this asset: anyone can deploy a second token calling itself PYTH, but the contract is unforgeable. Verify it against explorer.solana.com before sending funds or approving a spend.

On Solana the token account model means PYTH is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading PYTH is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For PYTH the project publishes a whitepaper, a public source repository and an active account as @PythNetwork. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where PYTH sits in the market

#154 places Pyth Network in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real PYTH volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 6 live PYTH order books (Binance, Gate.io, MEXC, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #154 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

PYTH against its all-time high

PYTH trades 94.8% below its $1.20 record (on 2024-03-16), which puts a 19.3x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

PYTH across its historical range

The recorded range runs 32.6x, from $0.0368 to $1.20 — wide by the standards of traditional assets, moderate for this one's class.

PYTH trades within 69.4% of the all-time low of $0.0368 set on 2026-03-28. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. That low is recent, so this is an active downtrend rather than an old floor holding: each fresh low retires the previous one as a reference.

PYTH supply structure

PYTH is capped at 10.00 billion PYTH, of which only 5.75 billion is circulating — 57.5% issued, leaving 4.25 billion still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset PYTH is

Pyth Network is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files PYTH under 10 categories, including Infrastructure, Decentralized Finance (DeFi), Oracle, Analytics, Solana Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: PYTH appears in the Multicoin Capital portfolio.

How to set a Pyth Network alert that is worth receiving

Pyth Network is the SPL token at hz1jov…bct3 on Solana — quoted on 6 venues we stream — high dated 2024-03-16 — rank #154. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →