XRP Coin Open Interest Reaches Highest Level of the Year as Market Activity Increases

Coinbase announced that it will list the ERC-20 token Ancient8 (A8) on the Ethereum network with the "Experimental Label". This announcement led to a rapid increase in the token value. The exchange plans to gradually launch trading for the A8-USD pair once sufficient liquidity and asset supply is ensured. It warned users that they should not send this asset over other networks to avoid loss of funds. Following the announcement, the value of the A8 increased by over 30%, reaching $0.203, according to HTX data.

Lookonchain'den FIGHT Token Analizi
On-chain analysis platform Lookonchain revealed that 24 wallets purchased 37.8% of the total FIGHT token supply ahead of the official market launch. These wallets acquired 378 million FIGHT tokens by spending 1.5 ETH (approximately $4,864). These wallets, which disposed of 261 million tokens with subsequent sales, hold 116.8 million FIGHT tokens, which corresponds to 11.68% of the total supply, and this amount is worth approximately $ 7.36 million. Such large purchases may affect market dynamics and price stability; Therefore, it is important for investors to consider these factors when entering new token markets.

XRP Coin Broke Open Position Record
XRP Coin experienced a remarkable increase in open interest (OI) levels and reached yearly highs. After a long period of decline, XRP is regaining momentum and finding resistance in the $0.5 price range. According to Coinalyze data, XRP's open position increased to $602.6 million with perpetual contracts and futures; Binance is the leader in this market and records a volume of 264.8 million dollars.

An increase in open interest often indicates bullish trends and increased trading activity, providing important information about market sentiment and liquidity. The large increase in XRP's open interest reflects renewed investor confidence and increased market participation, presenting a solid market scenario for the cryptocurrency.

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