Meme coins PEPE, DOGE, BONK and WIF rank in the top ten in terms of open interest

According to the open interest (OI) of the top ten cryptocurrencies calculated by contract, four of them are Meme coins, with PEPE leading the way with an OI of up to 812.6 million US dollars, almost half of Solana (SOL).

In addition to Pepe (PEPE), Dogecoin (DOGE), Bonk (BONK), and Dogwifhat (WIF) also made it into the top ten. Bitcoin leads the list with an OI of 11.1 billion US dollars, followed by Ethereum with an OI of 9.15 billion US dollars.

It is also worth noting that there is a significant difference in OI from first to last place. Bitcoin's OI is 11 billion US dollars, while the OI of the tenth-ranked Near Protocol (NEAR) is only 230 million US dollars, showing a huge difference in trader interest. (Cointelegraph)