$MANTRA MANTRA by the numbers — the derivatives desk is quieter than the spot tape:
MANTRA at $0.00369, up 1.0% in 24h and down 7.1% over 7 days. The 24h range ran $0.00361–$0.00385 on $5.7M spot turnover, while open interest sits at 1B MANTRA ($3.83M) — about two-thirds of a day's volume, not the leveraged pile-up you see before big moves.
Funding is slightly positive at ~+11% annualized, so longs are paying shorts a little — leaning bullish, but barely. On supply: 6.7B circulating out of a 10B max, putting market cap near $24.8M against a $25.7M fully diluted value — almost no gap left between the two.
My view: the tape is calm and the leverage is light. Nothing here screams positioning for a breakout — watching whether OI builds before the November 9–13 Upbit window.
$MANTRA #mantra #crypto #RWA
MANTRA at $0.00369, up 1.0% in 24h and down 7.1% over 7 days. The 24h range ran $0.00361–$0.00385 on $5.7M spot turnover, while open interest sits at 1B MANTRA ($3.83M) — about two-thirds of a day's volume, not the leveraged pile-up you see before big moves.
Funding is slightly positive at ~+11% annualized, so longs are paying shorts a little — leaning bullish, but barely. On supply: 6.7B circulating out of a 10B max, putting market cap near $24.8M against a $25.7M fully diluted value — almost no gap left between the two.
My view: the tape is calm and the leverage is light. Nothing here screams positioning for a breakout — watching whether OI builds before the November 9–13 Upbit window.
$MANTRA #mantra #crypto #RWA