Hyperliquid platform PUMP open interest reached $616 million, Binance was $169 million

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PANews
07-16
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PANews news on July 16, according to Ai Yi's monitoring, the market sentiment for PUMP token gradually shifted from generally bearish at a $4 billion FDV (fully diluted valuation) to strongly bullish at a $6.5 billion FDV.

Currently, the open interest (OI) for PUMP on the Hyperliquid platform has reached $616 million, while Binance platform stands at $169 million, together accounting for 92.7% of the total market OI. Additionally, the funding rates for the top ten platforms by contract size are all positive, indicating that market sentiment remains predominantly bullish.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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