MemeCore (M) jumps 35% to $1.74, open interest up 44%
- —M price rose 35% in 24 hours to $1.74, up 43% for the week
- —MemeCore market cap reached $3.9B (+35%)
- —Open interest rose 44% to $25.7M, derivatives volume — 91% to $39M
- —RSI at 78 signals an approach to overbought territory
Why it matters: The rally is driven by derivatives, but outflows in futures and spot point to profit-taking — risk of a pullback to $1.2.
Source: AMBCrypto