RENDER falls 13% in 24-hour trading, lowest all week

Render, the native token of the decentralized graphics processing unit-based rendering solutions provider, is down 13% in today’s trading. The token reached its lowest level on record this week alone.

According to data from CoinGecko, Render’s token RENDER(RENDER) has fallen below 13% in the last 24 hours of trading. RENDER is currently trading at $5.16 with a market cap of $2.05 billion.

RENDER started the week at $6.80 on September 30, but has decreased since October 1, falling to $6.09. Since then, Render’s native token continued its downward trend until it reached its lowest level of $5.17 on October 3.

The token made some gains after being bought by whales and sharks on September 25, rising more than 33% in a week. This rise coincided with a recent surge in price growth in AI-related tokens like Bittensor(TAO).

During aggressive accumulation, whales and sharks increased their holdings by 3.7%, increasing Render’s total supply.

Since then, the price of the token has yet to recover after the drop in October.

In its price analysis in July, crypto.news explored the possible rise of RENDER following the bull run in 2025, but this remains to be seen as demand for the AI ​​solution continues to grow.

Render is a decentralized platform for GPU rendering that allows artists to use powerful GPU nodes worldwide for their on-demand projects. The company is known for providing solutions in processing and artificial intelligence technology.

Render’s native token, RENDER, previously tagged with the code RNDR, serves as the medium of exchange between users and GPU power providers.

Render Network runs under the OTOY technology stack using OctaneRender software. This software is integrated with a wide variety of applications including Blender, Adobe After Effects, Houdini, Autodesk Maya, Unreal Engine and more.