MARSCOIN V-Rebound: OI Jumps to $74.8M, Binance Holds 60%

MARSCOIN flips back above $0.255 after a $0.170 flush

MARSCOIN, the meme token with one of the most active perp books of the past day, swung from $0.170 to $0.2697 over the last 24 hours and is now trading near $0.2552 on Binance, up roughly 24.5%. The move looks like a V-shaped recovery rather than a fresh breakout: sellers pushed the token to its low, and buyers stepped back in once leveraged shorts started getting squeezed out.

Open interest climbs 51% to $74.8M as leverage returns

Aggregate open interest across the seven venues that list MARSCOIN perps reached $74.8M, a 50.8% jump in 24 hours. Binance accounts for $45.2M of that total and now holds a 60.5% share after adding 47.2% in a day. Gate, KuCoin and MEXC moved faster in percentage terms, with OI up 95.2%, 116.7% and 93.6% respectively, while Bybit added 39.3% to reach $13.9M. Four-hour flows are still positive on Binance, Bybit, Gate and MEXC, which points to new longs being built rather than old positions being rolled.

Shorts paid most of the $3.5M liquidation tab

Liquidation data shows $3.5M wiped out across MARSCOIN perps in 24 hours, with shorts covering roughly 72% of that amount. The imbalance matches the price path: the flush to $0.170 cleared weak long leverage, and the snap-back caught short sellers who had piled in near the bottom. Funding on Binance now reads about 0.05% per interval, with Bybit and Gate also in positive territory, so perp positioning has swung back to a long lean after the reset. The absolute level is modest, which suggests this rebound is being driven more by short covering and spot buying than by a crowded long frenzy.

What to watch now

The key level is the $0.2697 high. If MARSCOIN clears it with open interest still climbing, the move has room to extend; if it stalls while OI keeps rising, that divergence would hint at fresh longs chasing into resistance. The token trades like a high-beta meme asset, so position sizes and volatility expectations matter more than usual here. Data as of 02:21 Beijing time, covering Binance, OKX, Bybit, Gate, Bitget, Hyperliquid, KuCoin, MEXC and other major exchanges.