$WET funding rate: -0.169%/4h, annualized -370%. The price still got pumped 24.5% over 24h, with shorts paying funding while being pushed higher
· Open interest rose 74.9% over 24h, reaching $1.92 million
· Open interest/market cap: 13.3%—perpetuals have a say, but aren’t fully in control
· Long/short account ratio: 2.6, showing a clear retail skew toward longs
HumidiFi is an on-chain market maker on Solana. Simply put, it’s a professional desk that quotes prices to aggregators, with a focus on MEV protection.
Price up, deeply negative funding, and rising open interest suggest that a lot of the new money entering the market is shorting. With more accounts long but funding negative, larger players are likely short while retail traders chase longs. The market is tiny, so just a few trades can push it back and forth. If shorts can’t hold on, a short squeeze could send the price shooting up in a sharp spike; if they hold, it’s the long chasers who get bled dry.
Only 23.0% of the supply is circulating, and another 192.5 million tokens unlock on December 3 for the foundation, ecosystem, and labs—almost as much as the entire current circulating supply. Even if a short squeeze plays out, there’s a wall of supply overhead. This looks more like a one-off volatility spike than a trend.
#WET #资金费率 #WeirdCoin
· Open interest rose 74.9% over 24h, reaching $1.92 million
· Open interest/market cap: 13.3%—perpetuals have a say, but aren’t fully in control
· Long/short account ratio: 2.6, showing a clear retail skew toward longs
HumidiFi is an on-chain market maker on Solana. Simply put, it’s a professional desk that quotes prices to aggregators, with a focus on MEV protection.
Price up, deeply negative funding, and rising open interest suggest that a lot of the new money entering the market is shorting. With more accounts long but funding negative, larger players are likely short while retail traders chase longs. The market is tiny, so just a few trades can push it back and forth. If shorts can’t hold on, a short squeeze could send the price shooting up in a sharp spike; if they hold, it’s the long chasers who get bled dry.
Only 23.0% of the supply is circulating, and another 192.5 million tokens unlock on December 3 for the foundation, ecosystem, and labs—almost as much as the entire current circulating supply. Even if a short squeeze plays out, there’s a wall of supply overhead. This looks more like a one-off volatility spike than a trend.
#WET #资金费率 #WeirdCoin
