Tax collected up to 11x, yet the price is still being smashed.
$PUMP perpetual rate +0.014%, open interest about 175 million, daily notional about 81 million.
Binance 0.00389, daily -8.0%, spot about 33 million.
The long-side tax is propping up the dump, don’t write it as shorts taking over.
#Meme风险 #perpetual tax spread
$PUMP perpetual rate +0.014%, open interest about 175 million, daily notional about 81 million.
Binance 0.00389, daily -8.0%, spot about 33 million.
The long-side tax is propping up the dump, don’t write it as shorts taking over.
#Meme风险 #perpetual tax spread