MEMEFIUSDT perpetual contract indicates growing short-term enthusiasm, evidenced by soaring spot volumes—up to 6.7B MEMEFI (~$13M)—and a bullish local trend signal. However, the decline in open interest (~–5.9%) suggests traders may be exercising caution or trimming positions, even as speculative activity heats up. The juxtaposition of strong local momentum against subdued global sentiment underscores the high-risk, high-reward nature of MEMEFI trading right now.