đš $ONG
â FUNDING RATE GOING CRAZY
$ONG is reportedly showing negative funding once every hour, with an annualized rate around 9,195%.
đ Price is around $0.130 and already up 108%+, while market cap is reportedly just above $60M.
đ„ Negative funding can make longs attractive for traders collecting funding â but after a 100%+ move, volatility and liquidation risk are extremely high.
Funding opportunity or dangerous FOMO? đ
#ONG #ONGUSDT #CryptoTrading #FundingRate
â FUNDING RATE GOING CRAZY
$ONG is reportedly showing negative funding once every hour, with an annualized rate around 9,195%.
đ Price is around $0.130 and already up 108%+, while market cap is reportedly just above $60M.
đ„ Negative funding can make longs attractive for traders collecting funding â but after a 100%+ move, volatility and liquidation risk are extremely high.
Funding opportunity or dangerous FOMO? đ
#ONG #ONGUSDT #CryptoTrading #FundingRate