Open interest in Dogecoin and XRP derivatives has plummeted to levels that even 2024’s most optimistic crypto bro would call “a financial slap in the face.” According to Coinglass, slower capital inflows and outflows have turned these once-bullish coins into a derivatives market cry-for-help. Investors, it seems, have scaled back their positions like they’re editing a bad tweet from 2016.
Dogecoin’s open interest? Sub-$1 billion now, darling. XRP’s? Back to late November 2024, which is basically crypto time-travel. Both coins have erased over a year of futures market buildup because apparently, 2026 is the new 2023.
Dogecoin Open Interest Falls Below $1 Billion
Coinglass reports Dogecoin’s open interest is now 10.63 billion DOGE, valued at $992.65 million. That’s a return to sub-$1 billion levels last seen in October 2024-when Mark Cuban still thought Doge was a meme, not a multi-billion-dollar tragedy.
Since late 2024, Dogecoin’s open interest had stubbornly clung to the $1 billion mark, even during price doldrums. But February 2026? Not so much. Price support levels have crumbled faster than a house of cards in a hurricane, and the derivatives market is now a ghost town.
Binance holds 2.09 billion DOGE in open interest ($195 million), while Gate (23.06% market share) and OKX squabble over the scraps. But the real drama? Gate’s 13.83% 24-hour drop and BingX’s 24.75% plunge-because nothing says “confidence” like losing half your positions overnight.
Overall, total Dogecoin open interest has dipped 3.11% in 24 hours. Deleveraging, darling. It’s just liquidating your dreams, one contract at a time.
XRP Open Interest Returns To Late November 2024 Levels
XRP’s open interest is now 1.65 billion XRP, valued at $2.27 billion. That’s a 0.61% 24-hour drop, bringing it back to levels last seen when people still believed in the “Ripple vs. SEC” saga. The XRP market is now a museum exhibit of its former self.
CME leads the pack with 378.89 million XRP ($519.11 million), while Binance trails closely behind. Bybit and Gate? They’re playing catch-up with $225.82 million and $200.67 million, respectively. But let’s not forget Gate’s 17.24% crash and BingX’s 31.19% freefall-because why not turn derivatives into a game of Russian roulette?
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2026-02-26 04:12