Fartcoin Jumps to Top Ten Based on Derivatives Open Interest, Signals Speculative Frenzy in the Solana-Based Memecoin

Description

Need evidence of speculator fervor. Look no further than Coinglass' crypto derivatives leaderboard , which shows that fartcoin (FARTCOIN), the Solana-based memecoin, is now the 10th largest token based on derivatives open interest. As of writing, notional open interest in futures tied to fartcoin totaled over $1 billion, placing the joke cryptocurrency ahead of well-established coins, such as Litecoin (LTC), Chainlink's LINK (LINK), Avalanche's AVAX (AVAX), and several others. The other tokens p...