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XRP and Dogecoin Futures Frenzy Hits Overdrive—Are Traders Chasing Ghosts?
XRP and Dogecoin Futures Frenzy Hits Overdrive—Are Traders Chasing Ghosts?
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Crypto markets just doubled down on their favorite casino chips. Open interest in XRP and Dogecoin futures just spiked 40% in 72 hours—right as Bitcoin flatlines. Retail’s back, baby.
Leverage is the new lottery ticket. With memecoins outperforming DeFi bluechips this quarter, degenerate traders are swapping yield farming for 100x leverage on ’joke’ assets. The CFTC’s warning sirens are blaring... but who listens when the FOMO’s this loud?
Wall Street’s quants are probably drafting another ’this time it’s different’ research note. Meanwhile, the real smart money’s watching the exits—these parabolic moves tend to end with margin calls and Twitter meltdowns.
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