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- MC:$3.97KHolders:41.92%
- MC:$3.65KHolders:30.53%
- MC:$3.58KHolders:30.00%
- MC:$10.61KHolders:1326.93%
- MC:$3.53KHolders:10.00%
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This move by LUNC is really puzzling. Everyone knows it will inevitably end with a dump, but people still can’t resist getting in early.
After the price is pushed up, it just stagnates, and the funding rate for shorts is ridiculously high. Is there some trick behind this?
Could it be that they're luring people in with longs to make them pay high funding fees, and then eventually dump the price to cash out? If that's the case, then the holders are basically becoming ATMs.