24-hour 11% rise in KORU futures… OI down 3.8% after 1 hour and 45 minutes

KORUSDT perpetual futures on Binance rose 11.00% over 24 hours to reach 11.91 USDT at 9:10 PM on the 2nd, according to Finderside data. At 10:55 PM the same day, ByKaranteli reported that open interest on the KORUUSDT contract had declined 3.8% over the prior 24 hours. The two readings were taken 1 hour and 45 minutes apart, so the price gain and the open interest drop cannot be interpreted as occurring simultaneously. Open interest measures the total size of unsettled futures contracts, and a decline alone does not reveal whether long or short positions were reduced more. The article notes that KORU is a virtual asset, with further details truncated in the source.