Why is Numeraire (NMR) up 36.89% Today, September 29, 2026? Trading Volume Exceeds Market Cap as NMR Rally Accelerates

Numeraire (NMR) rallied 36.89% on exceptional turnover (~1.36x market cap), signaling a token-specific momentum event consistent with squeeze dynamics rather than a broad crypto beta move, as BTC and ETH fell. No new fundamental catalyst was identified, while an older buyback narrative provides background support. Elevated volume and momentum can extend the move but also increase reversal risk if speculative flow fades.