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Deribit Data Shows XRP Calls With $5 Target Are Surging

Deribit Data Shows XRP Calls With $5 Target Are Surging

Bitget2024/12/13 19:51

Data shows that XRP calls with a $5 price target are surging in terms of volume and open interest, with the $5 call being the second most traded XRP option in the last 24 hours with 1.7 million contracts traded. (One contract represents 1 XRP). In addition, the $5 call is the most popular out-of-the-money or higher strike call option with a notional open interest of $1.25 million, according to Deribit data.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sources: Polymarket is valued at at least $3 billion in its latest funding round, with a few investors submitting letters of intent valuing it at $10 billion.

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Polymarket and Kalshi are considering new funding rounds at valuations of $9 billion and $5 billion, respectively.

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