Why is Cardano price rising as open interest jumps 25%?
Cardano’s ADA moved higher in early October as derivatives activity picked up, with open interest rising to $304 million and large-holder transactions increasing on Oct. 5. The rally also came alongside a lower stablecoin supply on Cardano and a mainnet launch for RealFi, while later Oct. 8 trading showed ADA around $0.25 with futures interest and large-holder balances lower than earlier in the month.
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Still unknown is how long the higher open interest and whale activity persisted after Oct. 5, because one later snapshot already showed lower futures interest and lower large-holder balances. A fuller set of on-chain and derivatives readings after Oct. 8 would show whether the early-October pattern continued or faded, but that is not established in these pieces.
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