Day 4 of the knockoff season, and the PROM is still rising.
Today, $PROM has already surged by +11.7%. The price is sitting at 4.71 and has been near the top of the gainers list for four consecutive days. Even more noteworthy is its structure: the funding rate is only +0.005%, almost zero, suggesting this rally wasn’t driven by a pile-up of perpetual long positions, but by spot buying.
The macro backdrop is also aligning—Charles Schwab, the traditional brokerage managing $1.3 trillion in assets, this week officially launched trading for meme coins such as SOL, AVAX, and LINK. Institutional money is starting to flow into meme coins, and the rotation logic is very clear.
On Binance, the PROM futures open interest is 3.33 million, with nearly 158 million USDT traded over the past 24 hours—participation looks genuine. The high is 5.32 and the low is 4.19. It retested around 4.19 once today without breaking it, and is currently consolidating around 4.71.
Of course, after four straight up days, chasing higher comes with risks of pullback. 5.32 is the near-term resistance level, and whether it can break through effectively is the key.
Click the small card below to quickly view the $PROM 行情
Today, $PROM has already surged by +11.7%. The price is sitting at 4.71 and has been near the top of the gainers list for four consecutive days. Even more noteworthy is its structure: the funding rate is only +0.005%, almost zero, suggesting this rally wasn’t driven by a pile-up of perpetual long positions, but by spot buying.
The macro backdrop is also aligning—Charles Schwab, the traditional brokerage managing $1.3 trillion in assets, this week officially launched trading for meme coins such as SOL, AVAX, and LINK. Institutional money is starting to flow into meme coins, and the rotation logic is very clear.
On Binance, the PROM futures open interest is 3.33 million, with nearly 158 million USDT traded over the past 24 hours—participation looks genuine. The high is 5.32 and the low is 4.19. It retested around 4.19 once today without breaking it, and is currently consolidating around 4.71.
Of course, after four straight up days, chasing higher comes with risks of pullback. 5.32 is the near-term resistance level, and whether it can break through effectively is the key.
Click the small card below to quickly view the $PROM 行情
