While reviewing these 8 assets today, I noticed something rather unexpected: $XNO is the only one without a contract.
The other 7 all have perpetuals—funding rates, open interest, and the big-holder long/short ratio are all there. But $XNO has nothing—only spot.
So its way of pumping is not the same as others. It had $3.1 million in trading volume today, 1.9 times the 7-day average. And in less than half an hour, the volume peak reached 26 times the average—everything was driven by spot buy orders, with no leverage involved.
My take is that this kind of structure is actually cleaner: there’s no liquidation risk, so there’s also no cascade caused by forced closing. But at the same time, any upside tends to move more slowly.
Does anyone specifically pick listings like these with no contracts? I’d like to ask about your logic. Not investment advice
#XNO
The other 7 all have perpetuals—funding rates, open interest, and the big-holder long/short ratio are all there. But $XNO has nothing—only spot.
So its way of pumping is not the same as others. It had $3.1 million in trading volume today, 1.9 times the 7-day average. And in less than half an hour, the volume peak reached 26 times the average—everything was driven by spot buy orders, with no leverage involved.
My take is that this kind of structure is actually cleaner: there’s no liquidation risk, so there’s also no cascade caused by forced closing. But at the same time, any upside tends to move more slowly.
Does anyone specifically pick listings like these with no contracts? I’d like to ask about your logic. Not investment advice
#XNO
