Keep an eye on this movement with TerraClassicUSD: the price has surged about 20.7% in the last 24 hours, and open interest has increased by 10.7%, indicating it's not just a simple spot pump—leverage is flooding in fast.
Current market cap is around $32.49 million, with a 24h trading volume of about $2.52 million. The market cap is relatively small, so short-term inflows will have a more pronounced impact on price elasticity. If open interest continues to rise and the price can hold above the key levels post-volume increase,
$USTC could still follow a high-volatility upward trend.
But be cautious: small market cap + heating leverage also means pullbacks can happen quicker. When chasing highs, it's crucial to manage your position size and keep a close watch on funding rates, changes in open interest, and whether trading volume remains consistent.
#USTC #BinanceSquare