$M is another coin that went up crazy recently but looks more dangerous to short. The funding rate is still standing at -7000% right now
CMC and CoinGecko show a $7bn FDV but the float is extremely tiny, probably 10x lower than the $1bn mcap they are reporting
It will probably be easier to wait for the funding to normalize, but maybe the price will be lower when this happens...

Funding has now gotten closer to zero but the price is also down -13%...
I am in the short but not full size, not sure if they can spike it again
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