$PUMP dumped 9.5%, but the long-side tax hasn’t eased.
Price is now 0.00525, having given back 13% from the daily high and sitting near the daily low of 0.00517.
OKX funding is around +0.005%; HL positions are 216 million, with 119 million in daily notional volume—a density of 1.8.
BN volume is around 29 million.
Price is sliding, the tax is still being charged, and tokens are changing hands—this is accelerated distribution, not a completed flush.
My view is that funding will first fall back toward zero. If I’m wrong, watch for another break below the daily low.
#Meme出货 #PUMP structure
Price is now 0.00525, having given back 13% from the daily high and sitting near the daily low of 0.00517.
OKX funding is around +0.005%; HL positions are 216 million, with 119 million in daily notional volume—a density of 1.8.
BN volume is around 29 million.
Price is sliding, the tax is still being charged, and tokens are changing hands—this is accelerated distribution, not a completed flush.
My view is that funding will first fall back toward zero. If I’m wrong, watch for another break below the daily low.
#Meme出货 #PUMP structure