In the past 24 hours, CYBER perpetual contracts have recorded a trading volume of 9.64 billion US dollars, marking a 218% increase, which is second only to BTC and ETH. The trading volume on Binance is a whopping 5.63 billion US dollars, surpassing ETH to become the second-most traded asset. CYBER contract open interest is also significantly high, amounting to $287 million.
Source: Coinglass
According to Wu Blockchain, Korean traders have been pumping CYBER tokens, which have seen a 150% increase in just seven days. The price of CYBER on Upbit rose to around $16.1, while the price on Binance was $9.3. The annualized funding rate of CYBER U-based contracts was above -500% on major exchanges and -662% on Binance at the time.
As of now, CYBER is trading at $12.56 which is a significant increase of nearly 45% over the last 24 hours, as shown by CoinMarketCap data.
Source: CoinMarketCap
CoinCu reported that DWF Labs has also been increasing its CYBER token holdings, acquiring 170,000 units over the past week and executing a transfer of 170,000 CYBER tokens to the Bithumb exchange within the last 24 hours.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
