Futures
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Launch
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Quant Fund
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Smart Leverage
New
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GUSD Minting
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#比特币流动性 Good morning everyone!
The recent market trend in meme coins has been quite interesting. Take a look at $PIPPIN and $ACT—these two have been bouncing back and forth this week, rising and falling rapidly, so fast that it's dizzying, and many people have been washed out directly. In comparison, $BANANA is much more solid—rising sharply all the way, squeezing out the short sellers, and as a result, the short interest rate skyrocketed to 4300%. This number is quite rare in the market.
The bearish traders are having a tough time. The rate is ridiculously high, and continuing to short basically means throwing money in. Who dares to pull the trigger now? This is the current gameplay in the meme sector: hot topics rotate quickly, capital flows in and out just as fast, and in the blink of an eye, traders get caught. So, trading in this space requires constant attention to market movements and quick reactions; otherwise, it's easy to suffer losses.