A sharp plunge on Friday, followed by a sizable rebound over the weekend.
Infinity Ground bought back about $3 million worth in mid-October, and its address still holds over 70 million tokens. The futures contract briefly fell nearly 60% on Friday, then rebounded about 45% today. It’s currently around 0.151, after reaching an intraday high of 0.177. Trading volume is 150 million, and open interest is slightly lower. The funding rate is close to zero. I’m more inclined to see this as an oversold rebound, not the start of a new trend.
$AIN
#Altcoins
Infinity Ground bought back about $3 million worth in mid-October, and its address still holds over 70 million tokens. The futures contract briefly fell nearly 60% on Friday, then rebounded about 45% today. It’s currently around 0.151, after reaching an intraday high of 0.177. Trading volume is 150 million, and open interest is slightly lower. The funding rate is close to zero. I’m more inclined to see this as an oversold rebound, not the start of a new trend.
$AIN
#Altcoins