$AIN printed $0.20 on the 15th and $0.016 on the 16th. two days later it’s $0.021 and still red on the day.
that wasn’t a product week. official account last posted Sept 7 about a future ticker rename. contract stays the same, tokenomics stay the same, and they said nothing through a 10x wick and a new ATL.
what actually sits on the book now: perp OI still around $8M against a ~$7M cap, funding still positive, volume already collapsed from the squeeze print. longs are paying to hold a coin whose spot book is thin again.
my read is this is leftover leverage, not a reset. a bounce into $0.023 with dead volume is supply. the level that would make me stop treating it as a dead-cat is a hold of the $0.018 area without OI expanding back up.
look at OI versus the spot print on $AIN before you decide which side that wick left you on. NFA.
that wasn’t a product week. official account last posted Sept 7 about a future ticker rename. contract stays the same, tokenomics stay the same, and they said nothing through a 10x wick and a new ATL.
what actually sits on the book now: perp OI still around $8M against a ~$7M cap, funding still positive, volume already collapsed from the squeeze print. longs are paying to hold a coin whose spot book is thin again.
my read is this is leftover leverage, not a reset. a bounce into $0.023 with dead volume is supply. the level that would make me stop treating it as a dead-cat is a hold of the $0.018 area without OI expanding back up.
look at OI versus the spot print on $AIN before you decide which side that wick left you on. NFA.