Grass ($GRASS), a Solana-based decentralized project that rewards users for sharing unused internet bandwidth, slid 8% in the past 24 hours on May 19, just days after a blistering 500% climb. This raises fresh doubts about whether the Solana DePIN newcomer can sustain its growth spurt.
The drop appears to be part of a broader market correction, following a sharp yet unsustainable price surge during Asian trading hours over the weekend.
Despite the recent pullback, $GRASS has maintained a 14-day gain of around 13%.
Launched in October 2024 through an airdrop by the Grass Network, the token has shown large price swings.
Starting at $0.8854, $GRASS first dipped to $0.78 before rallying over 500% to reach an all-time high of $3.90 within just ten days.
Since then, the token has consolidated between $2.08 and $2.40. At press time, $GRASS is trading near $1.88, placing it among the top 123 cryptocurrencies by market cap with a valuation of approximately $460 million.
Decentralized AI Meets DePIN: What Makes Grass Unique?
Grass combines key elements of a Decentralized Physical Infrastructure Network (DePIN) with Artificial Intelligence (AI) capabilities.
By installing the Grass browser app, participants contribute excess internet bandwidth to help train AI models. In exchange, they earn rewards, a model summarized by Grass’s tagline, “Earn a stake in AI.”
The platform has seen exponential growth. Between Q4 2024 and early 2025, the user base grew from 200,000 to over 3 million, representing a 15x increase.
In that time, users collectively scraped over 8 million GB of web data, allowing the network to process more than 100 TB daily for AI development.
Sion Upgrade Supercharges Grass’s AI-Powered Data Engine
On February 6, the Sion Upgrade greatly improved Grass’s ability to capture and process multimodal web content, including text, images, and 4K video.
Shortly after, Grass reached a new milestone, scraping over 1 million GB of data in a single day, an amount said to exceed what a human brain could process in four decades.
However, recent metrics show a dip in activity, with daily data collection falling to around 759,000 TB at press time, down from a peak of 1.76 million TB on May 6.
These contributions come from users in over 190 countries, showing Grass’s global footprint. The project is now ranked as the second-largest DePIN initiative on Solana, following Helium.
GRASS has secured listings on major crypto exchanges including Bybit, Kraken, Bitget, KuCoin, and most recently, South Korea’s Bithumb.
Many traders believe the current valuation still looks undervalued, with bullish forecasts pointing to a $1 billion market cap and a potential price target of over $4 by year’s end.
Technical Analysis: Will GRASS Revisit Its $3.90 Peak?
The GRASS/USDT daily chart displays a textbook Elliott Wave formation, suggesting that a five-wave bullish sequence has likely concluded. The asset peaked at wave (5) before facing a sharp rejection, resulting in a daily decline of nearly 10%.
GRASS now hovers just above a confluence of key support levels, the 9, 20, and 50-day exponential moving averages, ranging between $1.68 and $1.87.
A strong rebound from this zone, especially with rising volume, could mark the beginning of a renewed upward trend.
However, a breakdown below the 50 EMA near $1.68 could indicate a deeper retracement, possibly pushing the price down to the $1.40 support area, where past accumulation occurred.
On the upside, initial resistance lies between $2.24 and $2.34, Target 1, where traders may consider profit-taking.
A breakout above this region could drive the price toward the next resistance band at $2.52–$2.62.
The final major hurdle is the December high of $3.686, which remains a strong psychological and technical barrier.
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