Binance announced $MEMEFI perpetual futures delisting effective August 11, forcing traders to close positions. While initially bearish, the news coincided with spot buying as futures traders rotated capital. Derivatives traders likely hedged by going long spot positions, creating artificial demand. Open interest in MEMEFI futures was negligible, minimizing liquidation risks

MEMEFI’s 24h trading volume surged massively, signaling extreme speculative activity. This aligns with broader meme token trends. MEMEFI’s surge combines meme mania, futures repositioning, and technical triggers, but RSI extremes signal overheated conditions