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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/37761
Published: 2026-10-22T11:08:47.000Z
Updated: 2026-10-22T11:08:47.000Z
Section: Investing

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

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.