$AGT Exploded in just one hour: up about 74% in 24 hours, with nearly all of that move happening in the past hour. It was still at 0.024 at 16:00, peaked at 0.059, and is now back at 0.057.
Open interest surged even harder: from around $8.9 million to a peak of $19.1 million in under an hour—more than doubling—and is now near $18.5 million. Based on circulating supply, its market cap is about $136 million, with OI at 14% of that; FDV is about $209 million.
The funding rate is already +0.073% per 4 hours, with the next settlement at 20:00. There’s no spot market on Binance, and OKX and Bitget don’t offer perpetuals either, so all the trading is concentrated in Binance futures, at about $48.34 million over 24 hours.
It’s risen too fast, and the positions are too concentrated. I wouldn’t chase it here—don’t get carried away.
Open interest surged even harder: from around $8.9 million to a peak of $19.1 million in under an hour—more than doubling—and is now near $18.5 million. Based on circulating supply, its market cap is about $136 million, with OI at 14% of that; FDV is about $209 million.
The funding rate is already +0.073% per 4 hours, with the next settlement at 20:00. There’s no spot market on Binance, and OKX and Bitget don’t offer perpetuals either, so all the trading is concentrated in Binance futures, at about $48.34 million over 24 hours.
It’s risen too fast, and the positions are too concentrated. I wouldn’t chase it here—don’t get carried away.
