Useless Coin Futures Volume Tops Spot as Open Interest Hits $66.4M

Enna Lee

1 min read

Useless Coin Futures Volume Tops Spot as Open Interest Hits $66.4M

Futures liquidations totaled $93,698 over 24 hours. Open interest alone does not show whether traders were positioned for a rise or a fall.

By Enna Lee

Published Oct 22, 2026, 7:08 AM EDT

An embossed silver medallion beside an open steel ring and copper disc / TokenPost.ai

Useless Coin (USELESS) was priced at $0.153 in a market snapshot showing $112.7 million in 24-hour futures volume, nearly 12 times spot activity, while open interest reached $66.4 million.

Spot volume was $9.5 million, making futures turnover about 11.8 times as large. Open interest measures derivative positions that remain open, but it does not reveal whether traders are positioned for gains or losses.

Futures liquidations totaled $93,698 over the 24-hour period.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.