$KORU In the past 24 hours, it has edged up slightly by 1.723%. The price is at $23.62, but the funding rate is zero. This combination is very quiet—so quiet it feels like a vacuum period before a storm. The market is waiting for a signal, and the name of that signal is Trump.
My core judgment: The short-term momentum of the Trump trade has already fizzled out, and
$KORU is in an observation period of a narrative switch. The funding rate falling to zero is clear evidence—it indicates that both longs and shorts have paused trading, and neither side is willing to pay a premium at the current price level.
The proof is simple: there is only this one effective signal. With funding rate zeroed, there is no cost transfer between leveraged longs and shorts; positions become cheaper, but directional capital momentum is also lost. Considering the tiny uptick in price, this does not look like a hard push by the bulls—it looks more like a natural drift without an opposing side. When Trump policy-related headlines are calm, the leveraged capital that previously bet on a Trump rally is choosing to step aside and wait, rather than stubbornly hold through a zero-fee, catalyst-less time window.
The strongest counter-argument is this: this is just a brief breather. Trump could suddenly reignite market imagination about technology regulation, tariffs, or industry reshoring with a single social media post at any time. Then capital would quickly flow into assets like
$KORU . This rebuttal is compelling because Trump’s style is unpredictable sudden attacks.
The second-order effect is that the fizzling of the Trump trade would force two types of capital to act. One group is short-term hedge funds—they may close out their long positions in
$KORU and rotate into other themes with immediate catalysts. The other group is longer-term allocators—they may treat
$KORU ’s sideways movement as an opportunity to reassess positioning, looking at a broader election cycle rather than a single day’s statement.
My invalidation conditions are very clear: if Trump’s team or any associated party publicly and explicitly brings up aggressive policy stances targeting technology or specific industries again (for example, more specific tariff lists or suppression measures), then the current wait-and-see situation would be broken immediately, and the judgment would be invalid.
So my action is: wait. Wait for one of two signals to appear. First, Trump-related policy messaging that is clear and can be interpreted by the market as a major positive—something that’s clearly favorable. Second,
$KORU itself shows a volume expansion breakout, such as trading volume far exceeding the current daily average, and the price holds above $24. Until then, I won’t participate in this directionless grind.
Trading tag:
#TradFi #链上美股 #KORU
Where do you think this set of judgments is most likely to be wrong?