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Evans Boto

Centrifuge (CFG) jumps 39.52% as volume spikes 16,780% and open interest hits $11.2M

Centrifuge's CFG token has climbed 39.52% to $0.165 alongside a more than 16,780% surge in 24-hour trading volume, signaling intense market activity. While price has tested resistance near $0.18 with RSI staying above 60 and netflows slightly negative around -$518K, a 1,595% jump in open interest to $11.2M raises concerns about leverage-driven volatility.