After getting home at night, I tore apart the delivery cardboard boxes and left a mess all over the place. DouDou squatted right in the middle like a foreman watching over it. I cleaned up while checking the chart, and then—$ONG suddenly rushed into my field of view.😂
This coin can get on the leaderboard today. I feel it’s not just a simple +22.03% pump.
The spot price is only $0.1107, and in the past 24 hours the high and low moved from $0.08834 to $0.12812. This kind of volatility is already pretty scary.
What’s even crazier is the trade structure.
Spot volume: $16.70M. That looks okay.
But the futures volume straight up went to $229.33M—13.7 times the spot.
That ratio, to me, isn’t “healthy hotness.” It feels more like a bunch of people here are propping each other up with emotion-driven entries, not really anyone backing down.😅
The funding rate is still -0.1063%, which suggests that the side willing to pay right now isn’t just mindlessly chasing longs.
And paired with the position size of 100,133,796 ONG, I feel like this coin getting on the leaderboard today is more about sentiment plus leverage lifting it into view, not a particularly solid spot “relay” takeover.
So my stance is very clear: I’m not chasing.
If I really do anything, I’d rather wait for it to cool off—don’t squeeze in while everyone is all hyped up.
You guys think $ONG is purely a surge from emotions, or is there more to it later? If you lose, don’t cue me. If you win, buy me a coffee.$ONG #ONG
This coin can get on the leaderboard today. I feel it’s not just a simple +22.03% pump.
The spot price is only $0.1107, and in the past 24 hours the high and low moved from $0.08834 to $0.12812. This kind of volatility is already pretty scary.
What’s even crazier is the trade structure.
Spot volume: $16.70M. That looks okay.
But the futures volume straight up went to $229.33M—13.7 times the spot.
That ratio, to me, isn’t “healthy hotness.” It feels more like a bunch of people here are propping each other up with emotion-driven entries, not really anyone backing down.😅
The funding rate is still -0.1063%, which suggests that the side willing to pay right now isn’t just mindlessly chasing longs.
And paired with the position size of 100,133,796 ONG, I feel like this coin getting on the leaderboard today is more about sentiment plus leverage lifting it into view, not a particularly solid spot “relay” takeover.
So my stance is very clear: I’m not chasing.
If I really do anything, I’d rather wait for it to cool off—don’t squeeze in while everyone is all hyped up.
You guys think $ONG is purely a surge from emotions, or is there more to it later? If you lose, don’t cue me. If you win, buy me a coffee.$ONG #ONG