$FHE contract data shows significant fluctuations—

On a major exchange platform, FHEUSDT open interest increased by 10.3% within 1 hour, while the price surged by 30.0% over the same period. Currently, the contract position size has reached $10.2 million, with an OI/market cap ratio as high as 70.4%, and a 24-hour gain locked in at +26.6%.

Market cap:
$FHE current market cap is approximately $13 million

Such simultaneous spikes in open interest and price often indicate rapid capital inflows. An OI/MC ratio of 70% also suggests that leverage in the contract market relative to spot has become quite extreme—a signal that warrants special attention to liquidity risk in short-term trading.

Let the data speak for itself, but don't let it lead you by the nose.