Markets· ★★· bullish·

iExec RLC surges 128% in 24 hours as trading volume jumps 13,829%

  • —RLC gained 128% in 24 hours on $193.33 million in volume, up 13,829%
  • —Open interest in RLC derivatives rose 1,570% in 24 hours
  • —RLC's market cap was around $30 million before the rally
  • —The token broke above the $0.33 swing high, signaling a bullish shift
Why it matters: The rapid build-up in open interest leaves the rally vulnerable to a sharp correction if leveraged positions unwind.
#RLC
Source: AMBCrypto
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