🚀 Omni Network Shakes Up Crypto Market with up 82% Price Surge 📈
Omni Network (OMNI) took center stage in the cryptocurrency market on July 11, soaring over 80% in price 📊 and outperforming the top 500 coins by market cap. The altcoin jumped from $1.53 to $3.25, pushing its market capitalization to about $135 million 💰, and boosting daily trading volume over 6,000% to $971 million 🔥.
This surge came as Bitcoin hit a new all-time high above $118K 🟢, sparking bullish sentiment 🐂 across the market.
🔑 Key Drivers Behind the Pump:
📲 Binance Wallet Integration: Binance announced support for OMNI in its wallet app, enabling staking 🔒 with up to 11% APR 💵, along with integration of other top dApps.
💹 Derivatives Frenzy: OMNI saw a derivatives volume explosion 💥 to over $1.46 billion, with open interest spiking nearly 300% 📈 to $34 million.
💥 Liquidations: Over $5.69 million 💸 in liquidations occurred in 24 hours, including $3.35 million in short positions ❌, as traders were caught off guard by the price spike ⚡.
Despite pulling back to around $3.25, OMNI remains one of the biggest gainers ⬆️ in the last 24 hours, fueled by a mix of strong technicals 🧠, exchange volume 🔁, and ecosystem news 🌐.