DASH Token Soars 54.83% Amid Dubai Regulatory News and $180M Trading Volume Surge

DASHUSDT has surged 54.83% in the last 24 hours, with its price currently at $58.14 according to Binance data, driven primarily by a broader rally in privacy-focused cryptocurrencies and increased speculative interest following regulatory developments. The announcement by the Dubai Financial Services Authority to ban privacy coins such as Dash, effective January 12, 2026, has contributed to heightened trading activity and volatility, with open interest in derivatives rising sharply and funding rates turning positive as traders position for further upside. The market has witnessed a significant increase in trading volume, with reported 24-hour figures reaching as high as $180.88 million and the circulating supply holding at approximately 12.55 million DASH. Dash's market capitalization stands between $475 million and $581 million, with its market rank around #145 to #158, reflecting substantial investor attention and price momentum despite potential resistance levels and regulatory uncertainty.