Grew by 39%, and the funding rate only reached +0.01%—this kind of “toplist ticket” isn’t that common.
$PEOPLE entered the front row today. I first look at the structure, not the candlesticks. Spot 24h volume is only $18.42M, while the perpetuals hit $170.43M—perpetuals/spot is 9.3x. This shows the discussion board isn’t chasing “buying/supply,” but amplifying volatility with leverage. The current price is $0.0115, with intraday high/low at $0.01315 / $0.0082. With this kind of swing, it naturally sucks in short-term funds.
More importantly, open interest has already piled up to 837,498,656 PEOPLE, yet the funding rate hasn’t gone out of control. My understanding is very straightforward: this isn’t a trend with overly one-sided consistency; it’s more like a high-turnover battle. 323,360 trades lit up both sentiment and short-term liquidity—so it made it into the spot gainers list, the perpetuals gainers list, and the perpetuals trading volume list at the same time.
My approach with coins like this is simple: I don’t chase the market price. I place a short order around $0.0126, risk 3% position size, and set the stop-loss at $0.0133 above. If it comes back near $0.0106, I’ll consider taking profit again. The reason isn’t that I’m bearish on the project—it's that this kind of structure, where the perp first pushes the “heat” up but the funding rate isn’t completely distorted, often later turns into a back-and-forth harvest. If I’m wrong, cut -4% and don’t overthink it. $PEOPLE #PEOPLE
The market flips faster than a book—keep some room (don’t go all-in).
$PEOPLE entered the front row today. I first look at the structure, not the candlesticks. Spot 24h volume is only $18.42M, while the perpetuals hit $170.43M—perpetuals/spot is 9.3x. This shows the discussion board isn’t chasing “buying/supply,” but amplifying volatility with leverage. The current price is $0.0115, with intraday high/low at $0.01315 / $0.0082. With this kind of swing, it naturally sucks in short-term funds.
More importantly, open interest has already piled up to 837,498,656 PEOPLE, yet the funding rate hasn’t gone out of control. My understanding is very straightforward: this isn’t a trend with overly one-sided consistency; it’s more like a high-turnover battle. 323,360 trades lit up both sentiment and short-term liquidity—so it made it into the spot gainers list, the perpetuals gainers list, and the perpetuals trading volume list at the same time.
My approach with coins like this is simple: I don’t chase the market price. I place a short order around $0.0126, risk 3% position size, and set the stop-loss at $0.0133 above. If it comes back near $0.0106, I’ll consider taking profit again. The reason isn’t that I’m bearish on the project—it's that this kind of structure, where the perp first pushes the “heat” up but the funding rate isn’t completely distorted, often later turns into a back-and-forth harvest. If I’m wrong, cut -4% and don’t overthink it. $PEOPLE #PEOPLE
The market flips faster than a book—keep some room (don’t go all-in).