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<a href="https://crypto.news/price/klaytn/">KLAY</a>, the native token of the gamefi project <a href="https://crypto.news/klaytn-klay-a-gamefi-blockchain-platform/">Klaytn</a>, has emerged as the top gainer among the top 100 cryptocurrencies as its open interest rises.&nbsp; 
KLAY is up by 22% in the past 24 hours and is trading at $0.181 when writing. Its market capitalization rose to around $590 million, making it the 80th largest crypto asset. 
Klaytn’s 24-hour trading volume surged by 333%, reaching $84 million. 
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 <img decoding="async" loading="lazy" width="3840" height="1300" src="https://crypto.news/app/uploads/2023/11/Klaytn-KLAY-12.16.38-13-Nov-2023.png" alt="KLAY emerges as top gainer, open interest hits 11-week highs - 24" class="wp-image-14214998">
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 KLAY price, social volume, open interest and development activity – Nov. 13 | Source: <a href="https://app.santiment.net/charts/5T3DMoaP__sCl" target="_blank" rel="noopener">Santiment</a>
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According to Santiment, KLAY’s total open interest (OI) has reached an 11-week high of $17 million. However, the amounts of short and long positions are still not clear. Per Santiment, KLAY’s total OI took a deep dive from around $272 million to $8.1 million in just six hours on Aug. 22, 2023.&nbsp; 
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Moreover, the surge comes as Klaytn’s social volume takes a hike. According to the market intelligence platform, KLAY’s social activity rose 34% over the past 24 hours.&nbsp; 
Per Santiment, Klaytn’s development activity has gained traction after witnessing constant declines for three consecutive weeks — recording a 6% incline over the past week.&nbsp; 
According to <a href="https://www.investorsobserver.com/news/crypto-update/what-does-a-risk-analysis-say-about-klaytn-klay-sunday" target="_blank" rel="noopener">data</a> provided by Investors Observer, KLAY remains in the middle of the risk/reward zone as the analysis shows a probability of a downward movement for the asset. 
 Read more: <a href="https://crypto.news/ftx-lawsuit-bybit-recover-953-million-assets/"> FTX sues Bybit to recover $953m in assets </a>

KLAY emerges as top gainer, open interest hits 11-week highs

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