Open Custody Protocol (OPEN) is a cryptocurrency token operating on the Ethereum blockchain. As of early July 2025, it holds a market capitalization of approximately $4 million and is ranked #1157 among cryptocurrencies globally. This guide provides a detailed analysis of its price behavior, market statistics, and key features.
Current OPEN Price and Performance
The live price of OPEN is $0.00371, showing minimal change over the past 24 hours. Over the past week, the price has remained relatively stable. However, its monthly performance reflects a significant increase of over 106%, while yearly returns show a decline of nearly 67%.
Historical data indicates that OPEN reached its all-time high of $0.0868** in April 2024. Since then, it has experienced considerable volatility but has recovered by over 1,100% from its 52-week low of **$0.000300.
Market Capitalization and Supply
OPEN has a circulating supply of 993 million tokens. Its fully diluted valuation (FDV), calculated using the total supply, is approximately $4.6 million. Market cap multiples illustrate potential growth scenarios—for instance, a 10x price increase would significantly alter its standing relative to other cryptocurrencies.
Technical and Market Indicators
Recent technical analysis signals mixed trends. Short-term moving averages (10–100 days) suggest a "Buy" sentiment, while longer-term indicators (200 days) lean toward "Sell." Key oscillators like RSI (14) and Ultimate Oscillator are currently indicating overbought conditions.
Volatility remains high, with 3-month and 6-month measures exceeding 780% and 890%, respectively. Despite this, OPEN has posted a 3-month ROI of over 640%, though longer-term returns are negative.
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Wealth Distribution Analysis
Wealth concentration is a critical factor for OPEN. The top 10 addresses control nearly 50% of the total supply, indicating significant holding concentration. The next 90 addresses hold about 10%, while smaller addresses (101–1000) account for under 3%. The remaining supply is distributed across a long tail of smaller holders.
It's important to note that some top addresses may belong to exchanges or institutional custodians, which can influence market liquidity and price stability.
Trading Volume and Exchange Listings
OPEN is traded under the symbol "OPEN" on various exchanges. Its 24-hour trading volume averages around $268K, which is below the average for tokens launched in the same year. For a full list of trading pairs and liquidity information, you can review dedicated exchange pages.
Recent News and Market Context
OPEN and similar cryptocurrencies have been influenced by broader market trends and news events. Recent headlines include Web3 gaming pre-registrations, commentary from Ethereum founders on open-source values, and Bitcoin's price movements affecting altcoins.
These developments highlight the growing intersection of gaming, decentralized technology, and cryptocurrency—a trend that may impact tokens like OPEN.
Frequently Asked Questions
What is the current price of Open Custody Protocol (OPEN)?
The current price is $0.00371 USD. It has remained relatively stable over the past week but has shown significant volatility over longer time frames.
What was the highest price ever recorded for OPEN?
OPEN reached its all-time high of $0.0868 on April 1, 2024. Since then, it has not revisited that level.
How is the wealth distribution of OPEN characterized?
Wealth distribution is highly concentrated, with the top 10 addresses holding nearly 50% of the total supply. This can impact market volatility and price discovery.
What is the market cap of OPEN?
OPEN's market cap is approximately $4 million based on circulating supply. With total supply, its fully diluted valuation would be around $4.6 million.
Which blockchain is OPEN based on?
OPEN is an ERC-20 token built on the Ethereum blockchain, benefiting from its security and widespread exchange support.
Where can I trade OPEN tokens?
OPEN is available on multiple cryptocurrency exchanges. For detailed information on trading pairs and liquidity, 👉 view real-time market data.
Conclusion
Open Custody Protocol presents a case study in high volatility and concentrated token distribution. While short-term gains have been notable, longer-term performance remains uncertain. Always conduct thorough research and consider market risks before investing in cryptocurrencies.