XRP, SOL, DOGE open interest falls a combined 51% in the last month

Dogecoin’s open interest saw the steepest decline among the top 10 cryptocurrencies by market cap, falling 64% since the start of April.

The open interest (OI) of major cryptocurrencies, including XRP (XRP), Solana’s (SOL) and Dogecoin (DOGE) have plunged a combined 51% in the last month. 

“Market participants are becoming disinterested, which is reflected in the drop in open interest,” crypto trader TheCryptoMann wrote in an April 30 post on X.

OI measures the total value of all outstanding or unsettled crypto futures contracts across exchanges. It is a key metric traders and analysts use to assess market sentiment and anticipate future price movements.

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