Raydium's RAY jumps 11% as Open Interest surges 57.4% to $19.6M
- —RAY gained 11% in 24 hours and trades above all key EMAs
- —Open Interest rose 57.4% to $19.6 million
- —Spot volume surged 260% to $76.38 million
- —Futures volume climbed 314% to $175.69 million
Why it matters: Rising volumes and open interest confirm demand, but elevated leverage exposure raises the risk of a sharp correction if profit-taking accelerates.
Source: AMBCrypto