PENGU fell 6.3% over 1 hour as Binance open interest also decreased 5.0%

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🇨🇳 🔻 [PENGUUSDT] Binance open interest -5.0%; price fell 6.3% over the past 3600 seconds; open interest: 39100000 USD; open interest-to-market capitalization ratio: 5.7%; 24-hour price change: +16.2% 🇺🇸 🔻 [PENGUUSDT] Binance openinterest -5.0%, Price -6.3% in the past 3600 seconds, OI: $39.1M, OI/Marketcap ratio: 5.7%, 24H Price Change: +16.2%

💰 Market Capitalization PENGU MarketCap: 695.7M

Key points

Binance PENGUUSDT open interest decreased by 5.0%.
The price fell 6.3% over the past 3600 seconds.
Open interest was 39100000 USD.
The open interest-to-market capitalization ratio was 5.7%.
The 24-hour price change was +16.2%.
PENGU market capitalization was 695700000 USD.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Open interest represents the scale of contracts that remain open. The data show that this measure and the short-term price of PENGUUSDT are both decreasing, although its 24-hour price change remains positive.

Why it matters to readers

This shows that contract participation and the short-term price of the trading pair are changing together, making volatility risk worth monitoring.

Beginners can understand this as the price retreating over the past 1 hour while the scale of some open contracts also decreased, although the price remained above its level 24 hours earlier.

Risks and unknowns

The evidence does not explain the specific reasons for the price and open-interest changes.
The evidence does not explain the specific identity or purpose of the PENGU project.
The past 3600 seconds correspond only to 1 hour and cannot represent a longer-term trend.

PENGU fell 6.3% over 1 hour as Binance open interest also decreased 5.0%

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