CRO Jumps 5% to $0.068 as Open Interest Hits Record on Buyback Plan
- —CRO gained 5.12% to $0.068, up 16.04% over seven days
- —CRO futures open interest hit a record of about 536 million tokens
- —Annualized funding rates near 60% signal an overcrowded long market
- —Proposal to burn over 228 million CRO from the community fund is the key catalyst
Why it matters: Record leverage and costly longs raise the risk of cascading liquidations if the price reverses.
Source: DiarioBitcoin