The token entered top perpetual contract volume rankings before a sharp reversal wiped out both longs and shorts, while open interest fell 90% from its peak ahead of Binance's planned delisting on July 10.
NFP ranked among the top perpetual contract trading volumes during a burst of extreme volatility flagged by on-chain analyst Ai Yi, as cited by PANews. The token climbed from $0.004412 yesterday afternoon to $0.04391 within 13 hours, a gain of 895%, before reversing sharply. Over the next six hours, it fell 82.36%, a move that liquidated both long and short positions. Open interest, or OI, later contracted 90% from its peak, suggesting much of the leveraged positioning was rapidly unwound. Binance had previously announced it will delist NFP on July 10.