3. Structural risks and characteristics of derivatives
Whale Concentration: A high degree of centralization is observed — according to on-chain data, the top 100 wallets control around 97.8% of the token supply. This creates a persistent structural risk of sharp price fluctuations when large transactions occur in thin liquidity pools.
Futures market activity: Daily trading volume in derivatives and spot markets remains elevated, while open interest (Open Interest) is around $17.8 million. The funding rate remains slightly positive (~0.0215%), and recent movements have been accompanied by localized liquidations of traders' positions (predominantly longs).
Futures:$PROM
Spot:
Whale Concentration: A high degree of centralization is observed — according to on-chain data, the top 100 wallets control around 97.8% of the token supply. This creates a persistent structural risk of sharp price fluctuations when large transactions occur in thin liquidity pools.
Futures market activity: Daily trading volume in derivatives and spot markets remains elevated, while open interest (Open Interest) is around $17.8 million. The funding rate remains slightly positive (~0.0215%), and recent movements have been accompanied by localized liquidations of traders' positions (predominantly longs).
Futures:$PROM
Spot:
