The post Rocket Pool price soars amid 150% jump in open interest appeared on BitcoinEthereumNews.com.

Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest. As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool (RPL) witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL. Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.  The surge in RPL futures open interest highlights the confidence traders are showing in the altcoin. Per Coinglass, the Rocket Pool open interest stood at over $22.5 million on June 3, 2025 – up from under $9 million on May 31. Rocket Pool’s integration with Chainlink to allow for users to transfer the liquid staking token Rocket Pool ETH between Ronin Network and Ethereum, is also a key recent development.  According to DeFiLlama, Rocket Pool has over 690k in staked ETH and more than $1.8 billion in total value locked. The Chainlink integration that brings cross-chain token transfers for rETH expands this capacity. RPL is retesting the price level last seen in mid-May, and a breakout brings the psychological $10 level into view.  Rocket Pool price chart from crypto.news As well as the rally for ETH boosting related tokens  such as Aave, Lido DAO and Arbitrum, Rocket Pool has moved higher after bears staged a comeback around $5.79.  Coinbase adding trading support for RPL in Germany alongside other seven tokens had helped Rocket Pool price hit the resistance line. New momentum means…

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Filed under: News - @ June 4, 2025 3:27 am