Upbit listed $KAIA last night. Trading opened at 18:30 Korea time across three markets—KRW, BTC, and USDT. It’s Korea’s biggest exchange. KAIA rose from 0.0371 to 0.0638 and is now at 0.06118, with 482 million U in trading volume.
I only put in my order after seeing this post last night. The funding rate was -0.1624%, or -178% annualized. It’s up so much, yet shorts are paying longs. Trading volume of 482 million U divided by open interest of 13.81 million U means it turned over 35 times in a day—money doesn’t stay overnight. I didn’t chase it this time; I just felt I couldn’t catch it.
I’m watching the turnover. If it drops below 10 tomorrow, I’ll accept that. What do you think—would you chase a listing like this?
#数据视角 #CryptoReality
I only put in my order after seeing this post last night. The funding rate was -0.1624%, or -178% annualized. It’s up so much, yet shorts are paying longs. Trading volume of 482 million U divided by open interest of 13.81 million U means it turned over 35 times in a day—money doesn’t stay overnight. I didn’t chase it this time; I just felt I couldn’t catch it.
I’m watching the turnover. If it drops below 10 tomorrow, I’ll accept that. What do you think—would you chase a listing like this?
#数据视角 #CryptoReality