ran the numbers on $OPEN's complete market snapshot as 0f May 31, 2026. nobody has compiled this into a single current picture.
price: $0.178, down 4.01% in 24 hours. market cap: $51.76 millioN down from $56M tracked earlier this month. FDV approximately $178 million at current price. mcap/FDV 29.1% slightly higher than the 21.53% figUre from earlier in the campaign as price declined from the $0.195 level.
24H volume $18.48 million. volume/Mcap ratio 35.7%. that is signifcantly elevated from the 23.7% ratio tracked May 23. volume up 37.6% in 8 days. price down 8.9% in same period.
open interest approximately $12M. funding rate -0.12% daily -131.24% annualizEd. futures/mcap ratio: approximately 123% derivatives market larger than sp0t market cap.
circulating 290,764,736 OPEN. total supply 1,000,000,000 OPEN. community linear release approximately 107,000 OPEN per day
days to September 2026 cliff: approximately 105. days to EU AI Act full implementation: 63. days since mainnet launch: approximately 195.
volume up 37.6% + price down 8.9% + funding rate still -131.24% + 105 days to cliff + zero published onChain metrics.
these five numBers together describe a market where sophisticated shorT sellers are maintaining positions despite elevated funding costs retail volUme is elevated with no catalyst and the September supPly event is approaching with no published fundamental data to anchor valuation.
whether the elevated volume resolves as accumulation or distribution over the next two weeks, whether any catalyst emerges before June 2 campaign closE whether funding rate shifts towarD neutral as cliff approaches.