Tell me about it… Not sure why or how but fartcoin is always far higher OI than its counterparts… It just doesnt make sense to me.. Just a higher concentration of retards I guess..
If fartcoin had zero perps trading it would be at $10
It’s so fun to trade and everyone knows it should be the number one meme so they can’t resist bidding it at 10x leverage
However, that puts zero buy pressure on the coin itself
In fact, it almost does the opposite because it incentivizes market makers to liquidate longs
Tts why you see the chart start to breakout, leveraged longs pile in, and market makers dump the chart $100m in one 5 minute candle
Eventually people will learn this strategy and go spot buy it seems to be taking a while to learn this lesson
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