EDEN Contract Open Interest Surges as New Project Explodes!



The new DeFi project EDEN has shown strong performance over the past 24 hours. The price has been rapidly pushed up multiple times in the short term, with a cumulative daily gain of over 51%. Discussion volume has risen quickly, market funds have flowed in noticeably, and bullish sentiment is in the lead!

Data shows that EDEN’s contract open interest saw a maximum increase of 45.8%. Open interest once broke above $13 million, and the market capitalization to contract ratio reached as high as 42.5%!

Bulls believe there is still buy-side support in the short term, and if liquidity improves further, there is room for upside. Bears, however, point out that its trading volume is extremely low; without sufficient liquidity, the price is easily swayed by small trades, facing the risk of sudden, sharp pullbacks at any time!

At present, claims of a surge in open interest lack direct on-chain data support. Until official disclosed figures are available, be sure to keep your funds secure—never blindly chase the trend and take positions at high levels! $EDEN #Gate广场披萨节
EDEN82.08%
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ForkliftFaye
· 18h ago
Market cap contracts by 42.5%... This leverage density, a needle stick would trigger a chain explosion
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StargazerInTheWoods
· 05-18 14:30
13 million open positions is indeed exaggerated for a small coin. If the long-short ratio becomes unbalanced, liquidation will look quite spectacular.
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TheKiteNeverLands.
· 05-18 14:16
Let's wait until the official data is released. Right now, it's all emotional trading, whoever pushes, whoever takes the other side.
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AuroraStone
· 05-18 14:10
On-chain data hasn't been verified, so what's the hype? It's just Gate's Pizza Festival event, don't get too excited.
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BugBountyBuddy
· 05-18 14:10
A 45% surge in holdings sounds frightening, but with such low trading volume, the cost to manipulate the price isn't actually high. Be careful not to get buried.
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