Meme coins have indeed shown some activity recently. $PIPPIN and $ACT have been bouncing back and forth this week, causing significant fluctuations that shook out many investors. In comparison, $BANANA has been much more steadfast, continuously rallying, which caused the short interest rate to skyrocket to 4300%—a number that is quite rare in the entire market.
The days of the short sellers are indeed tough. Such high rates mean that continuously shorting is basically paying the exchange to hold the position, so traders need to carefully consider the risks of maintaining short positions. The meme sector is currently in this kind of situation: hot spots switch very quickly, capital concentration is high, and the market rhythm is entirely driven by sentiment. A single misstep can easily lead to pitfalls. Whether going long or short, traders need to pay close attention to funding costs and position risks.
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GasFeeCrybaby
· 6h ago
Short position fee rate is 4300%? What kind of level of panic is this? The guys shorting probably are already crying.
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tx_or_didn't_happen
· 16h ago
4300% borrowing fee? That's hilarious. These shorts really deserve it.
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ZenChainWalker
· 16h ago
4300% shorting fee rate? That’s incredibly desperate. The bears are probably about to cry.
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SeeYouInFourYears
· 16h ago
Wow, a 4300% fee rate. This is reckless. The short side is really getting cut alive.
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BrokenRugs
· 16h ago
Short position fee rate is 4300%? That's insane, who would still dare to short?
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OnChainDetective
· 16h ago
Wait, this 4300% short fee rate for BANANA... I need to dig into the on-chain data behind it. Such an outrageous number is definitely not a coincidence. I need to see who is buying heavily and whether whale wallets are showing any unusual activity.
#美联储回购协议计划 Market Briefing!
Meme coins have indeed shown some activity recently. $PIPPIN and $ACT have been bouncing back and forth this week, causing significant fluctuations that shook out many investors. In comparison, $BANANA has been much more steadfast, continuously rallying, which caused the short interest rate to skyrocket to 4300%—a number that is quite rare in the entire market.
The days of the short sellers are indeed tough. Such high rates mean that continuously shorting is basically paying the exchange to hold the position, so traders need to carefully consider the risks of maintaining short positions. The meme sector is currently in this kind of situation: hot spots switch very quickly, capital concentration is high, and the market rhythm is entirely driven by sentiment. A single misstep can easily lead to pitfalls. Whether going long or short, traders need to pay close attention to funding costs and position risks.