This coin is called Giggle Fund, which in Chinese translates to "Silly Laugh Fund."
Over the past year, it has fallen 34%, which means it rose for three months and still hasn’t filled the hole from last year. The long/short ratio is 1.05, meaning retail traders and big holders are roughly split 50/50, but the large account position long/short ratio is 4.37, which shows that big players are holding a pile of long positions and have a tight grip on the market.
Liquidations totaled $210,000: longs lost $120,000 and shorts lost $90,000, so the bears didn’t fare much better either. The total supply is 986,800 coins, and they are already fully circulating, with no unlock pressure, which is at least decent.
But meme coins are like that: when they rise, they’re rockets; when they fall, they’re free fall. With a market cap in the tens of millions, a single large order can smash right through it.
Over the past year, it has fallen 34%, which means it rose for three months and still hasn’t filled the hole from last year. The long/short ratio is 1.05, meaning retail traders and big holders are roughly split 50/50, but the large account position long/short ratio is 4.37, which shows that big players are holding a pile of long positions and have a tight grip on the market.
Liquidations totaled $210,000: longs lost $120,000 and shorts lost $90,000, so the bears didn’t fare much better either. The total supply is 986,800 coins, and they are already fully circulating, with no unlock pressure, which is at least decent.
But meme coins are like that: when they rise, they’re rockets; when they fall, they’re free fall. With a market cap in the tens of millions, a single large order can smash right through it.
