No announcement, no positive news, yet it more than tripled in a day. 🎢
AGT was still at 0.024 yesterday, then surged to a high of 0.083 today. It’s currently at 0.07.
Held for a day and it’s up more than threefold. The annualized funding rate is 35%, with longs paying to keep the momentum going; $2.8 million was liquidated in 24 hours, 70% of it from shorts.
I don’t think this is a reversal—it’s a short squeeze plus FOMO buying, with another $3.3 million unlock due in the early hours of the 14th.
$AGT
AGT was still at 0.024 yesterday, then surged to a high of 0.083 today. It’s currently at 0.07.
Held for a day and it’s up more than threefold. The annualized funding rate is 35%, with longs paying to keep the momentum going; $2.8 million was liquidated in 24 hours, 70% of it from shorts.
I don’t think this is a reversal—it’s a short squeeze plus FOMO buying, with another $3.3 million unlock due in the early hours of the 14th.
$AGT