The Stellar token is awakening great interest among traders. According to data from Coinalyze, the open interest of the token has increased by 3.40% in the last 24 hours.
Currently, the total amount of perpetual contracts amounts to $270.9 million. This indicates that there is an increase in capital in XLM futures trading as the momentum continues to grow.
Additionally, the funding rates on most exchange platforms are positive. These levels demonstrate a clear long-term bias. With the increase in open interest and positive funding rates, XLM continues to attract bullish leverage.
However, extreme optimism could also raise the risk of short-term pullbacks if confidence changes.
