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XRP leads crypto funding rates; Dogecoin sees biggest rise in open interest on Oct. 16

Market News
16 Oct 2026
Tokenpost
View Source
Bullish
XRP leads crypto funding rates; Dogecoin sees biggest rise in open interest on Oct. 16

On October 16, XRP recorded the highest funding rate among five major cryptocurrencies, with an annualized rate of 8.9%, indicating strong demand for long positions. Dogecoin experienced the largest 24-hour increase in open interest, rising 8.49% to $216.5 million, signaling growing trader activity. Other cryptos like Bitcoin, Ether, and Solana also showed positive funding rates and increased open interest, reflecting bullish sentiment across these markets. These trends suggest traders are favoring long positions, potentially indicating confidence in price gains ahead.

Following XRP's leading funding rate, on Pluang as of Oct 17, 2026 02:41 WIB, XRP trades at Rp23.223 with a 1-day decline of 3.61%. Dogecoin, despite its surge in open interest, is priced at Rp1.433, down 1.78% over the same period. Bitcoin and Solana also show slight declines, with Bitcoin at Rp1.458.459.426 (-1.23%) and Solana at Rp1.846.722 (-2.77%), reflecting cautious trading sentiment on the platform.

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