MEXC migrates $RIO reserves from Algorand to Ethereum
Algorand (ALGO)
Editor:
Eugene Serbin
cryptobriefing.com reports that MEXC has completed a migration of its Realio Network ($RIO) token reserves from the Algorand blockchain to Ethereum. The exchange swapped its holdings at a 1:1 ratio, ensuring that holders retain the exact numerical value of their assets. This move was confirmed by Realio Network’s official channels on September 14, 2026, as part of a broader recovery process following an unspecified incident affecting the project's reserves.
The new token now resides on Ethereum at contract address 0x94a8b4EE5CD64C79D0Ee816f467EA73009f51aA0, which serves as the definitive reference point for verifying holdings. Realio Network directed the transition, with MEXC executing the conversion from Algorand-based holdings to the new ERC-20 version. This is not the first time MEXC has handled a $RIO chain transition, having previously managed a similar swap on Binance Smart Chain in late 2024.
The shift to Ethereum simplifies asset management for the exchange by reducing operational complexity across multiple chains. Realio Network is a real-world asset tokenization platform that launched in March 2023 with support for Ethereum, Algorand, and Stellar. No broader disruption to $RIO trading on MEXC has been reported, though further recovery steps are expected to be announced through official channels.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 14 September 2026. Not the outlet's figures.
Algorand (ALGO) is trading at $0.09470 with a 24-hour spot volume of $2,254,088. The 24-hour buy ratio stands at 52.6%, indicating a slight majority of buy-side pressure over the full day. However, the 1-hour buy ratio has dropped to 39.9%, suggesting that immediate buying momentum is fading compared to the broader daily trend. Conversely, the 4-hour buy ratio is 60.0%, showing that buying pressure was stronger in the recent past hour window than it is right now. The 24-hour volume delta is positive at +$113,189, meaning net buying has outweighed net selling over the last day. In contrast, the 1-hour volume delta is -$13,380, indicating that recent trades have seen more selling than buying.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio for ALGO was 50.6%, making the current 24-hour ratio of 52.6% only marginally higher. The daily buy ratio is 2.0 percentage points above the weekly average, indicating a slightly more bullish sentiment than usual. However, the 24-hour volume of $2,254,088 is only 0.80 times the weekly average volume, showing that trading activity is below normal levels. This volume contraction suggests that while buying pressure is slightly elevated relative to the week's average, participation is lower than usual. The price has declined by 2.1% over the past eight days, with a total volume delta of +$298,327 recorded over that period.