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Numeraire, a token linked to the artificial intelligence-powered hedge fund Numerai, has soared nearly 30% in the past 24 hours amid a staggering 2,900% spike in daily trading volume.
The Numeraire ($NMR) price rose sharply as top cryptocurrencies wavered amid continued tariff uncertainty. As risk assets slipped on news that China had “violated” its trade agreement with the U.S., $NMR, the native token of the AI hedge fund designed to democratize data science via blockchain, rallied to highs of $12.04 across major exchanges.
Upside momentum continued Numeraire’s recent uptick, with Friday’s performance marking its best in the past two weeks. Although its gains paled in comparison to the staggering 445% move for Pocket Network and the 150% upwing for Livepeer, $NMR posted an astounding statistic of its own too.
$NMR price currently hovers above the psychological $10 mark.
While price increased only by about 30%, the token’s daily volume skyrocketed by more than 2,900%. From lows of $5.46 million the day before—May 29, 2025—Numeraire buying pressure pushed the daily volume up to $156 million.
The spike in price and volume defied the broader market, with global crypto volume up by 7.5% to $142 billion and global market cap down 2.7% to $3.31 trillion. A look at the AI-related tokens sector showed that while sector volume rose an average 88% to over $7.4 billion, most of the top AI tokens were down between 4% and 13% in the past 24 hours.
Numeraire, whose AI approach includes integration of artificial intelligence and blockchain for data scientists, is seeing its utility token gain amid fresh interest in the project. $NMR is used to incentivize data scientists with its utility in prediction and staking crucial.
Recently, Numerai revealed that the platform has recorded over $5.5 million in staking by data scientists.