funding rate has seen dramatic shifts over the last 24 hours, underscoring the heightened volatility across the memecoin’s market.
The chart showed that after a sharp drop to around 0.0309% during the last trading session, it spiked to 0.0800% at press time.These sharp movements often indicate a tug-of-war between long and short positions. Such a trend often correlates with rising volatility as market participants position for potential price swings. High OI and unstable funding rates create a precarious environment for over-leveraged traders, potentially leading to liquidations that could accelerate price swings.The memecoin’s price has continued its recovery on the charts, reflecting bullish sentiment despite market volatility. In fact, the token recently reclaimed the critical $0.