Mode (MODE) Price Broke The Record With 4000% Surge; Sell or HODL

14 May, 2024 Updated 23 Jun, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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MODE, the native token of the Decentralised Finance (Defi) Layer 2 network called Mode Network, has made huge gains in the last few days. Despite being new to the market, MODE price has gained more than a 4000% hike in value, making it the most profitable cryptocurrency for the week.

What’s more interesting is that the crypto market was not entirely supportive during this time. The market is facing continuous ups and downs, and even the fear and greed index is still pointing at neutral sentiments of the investors. So, how did MODE surge this much in such a short time? Let us discuss that in this blog.

Overview of Mode Price Surge

The 4000% surge isn’t the entire picture of the MODE, as it is not at the best price right now. MODE was launched just a week ago and instantly rose to a peak of $0.1177, the ATH record of this cryptocurrency. Whereas, it’s currently trading at $0.03836, which is almost one-third of the ATH record.

MODE has gained instant success and gained a market cap of $48.77 Million and a 24-hour trading volume of $5.68M after a 3% hike from yesterday. Interestingly, MODE entered the market with a huge total supply of 10 Billion, and only 13% of them are in circulation, offering a vast quantity of tokens for its holders.

Reason Behind Mode Price Surge

The biggest reason behind the MODE price surge was its listings on multiple crypto exchanges, including Bybit, Gate.io, and many more. These listings provided the desired attention to this token and helped with building a crypto community. Not only that, Mode Network also succeeded in adding multiple apps to its ecosystem and is continuously growing.

The Mode network has also focused on its marketing for the MODE token and has gained millions of followers on the social media platform, which helped in the publicity of the token. Moreover, the initial airdrop of the MODE token gave a successful push to this cryptocurrency.

At the time of the MODE launch, the crypto market was also unstable, and investors were focusing on newly launched cryptocurrencies like MODE to make quick gains in the slow market. It turned out to be the right decision, as the token is performing so well in the market. Now, it has to see how the MODE price will move next on the charts.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.