DODOX top whales are up to 62% long! Veteran DEX leader DODO ($DODOX) surges 31%, breaking $0.034!
Veteran decentralized exchange DODO (DODOX) surged 31.54% today to $0.034903 (it was only around $0.0250 a few days ago)!
Derivatives market breakdown:
1. Whales driving the rise: Open interest (OI) jumped 19% in 24 hours, top whales’ long ratio reached 62%, and the funding rate is positive (around +0.04%), indicating leveraged longs are paying to aggressively push prices higher;
2. No fundamental catalysts: No new cross-chain routing or major protocol integrations were found today.
Conclusion: A typical leveraged rebound in a veteran DeFi asset with residual value near the lows. $0.0250 was the key support zone a few days ago. With longs paying, beware of a cascade of liquidations. Get in and out quickly; don’t hold overnight!
#DODO #DODOX
$DODO
Veteran decentralized exchange DODO (DODOX) surged 31.54% today to $0.034903 (it was only around $0.0250 a few days ago)!
Derivatives market breakdown:
1. Whales driving the rise: Open interest (OI) jumped 19% in 24 hours, top whales’ long ratio reached 62%, and the funding rate is positive (around +0.04%), indicating leveraged longs are paying to aggressively push prices higher;
2. No fundamental catalysts: No new cross-chain routing or major protocol integrations were found today.
Conclusion: A typical leveraged rebound in a veteran DeFi asset with residual value near the lows. $0.0250 was the key support zone a few days ago. With longs paying, beware of a cascade of liquidations. Get in and out quickly; don’t hold overnight!
#DODO #DODOX
$DODO