Key Takeaways
JasmyCoin soared by 12% as Open Interest inflows surged, while the memecoin sector’s growth stayed on course. However, a $2.3 million in spot selling could test the rally’s mettle and apply pressure on those who are too bold for their own good. 🧐
After a whopping 27% rally last week, JasmyCoin [JASMY] decided that wasn’t enough and added another 12% to its already inflated numbers. It’s truly a story of perseverance, or perhaps madness? Only time will tell. 🏃♂️💨
This move fits right into the broader memecoin trend, which is only getting juicier. But, of course, spot market selling could throw a wrench in the works. It’s always something, isn’t it?
The Derivatives Push on JASMY Remains Strong (For Now…)
After a rather awkward phase dominated by pessimistic shorts, the OI-Weighted Funding Rate flipped positive, reaching 0.0143 at the time of writing. Oh, how things change! 🙄
This shift could mean one thing and one thing only: traders are back in the game, and their confidence is growing stronger by the minute. Should we trust them, though? 🤔
CoinGlass showed that Open Interest (OI) inflows spiked by $6.47 million in the past 24 hours. At press time, OI had increased by 14%, settling at $46.1 million. More money, more problems, right? 💸
Clearly, these inflows are a sign of rising optimism. After all, who doesn’t love a good bull run? 🐂
Memecoin Growth Keeps on Growing (For Better or Worse)
Despite all the chaos, the memecoin market recorded a healthy 12% growth rate over the last seven days. And guess what? JasmyCoin logged its strongest performance of the month. Coincidence? We think not. 🤔💥
As long as the memecoin market keeps up this pace, assets like JASMY will continue to climb, if not skyrocket. The question is-how long can it last before the inevitable crash? 🏰💥
Despite a bullish outlook, with 87% of the market feeling optimistic, we know the drill: when everyone’s happy, they invest like there’s no tomorrow. If this keeps up, JASMY might be in for another wild ride. Hold on to your hats, folks! 🎩💨
Spot Investors Want Out (They Might Be on to Something)
Now, let’s not get carried away with the euphoria. Not all signals are flashing green. Spot Exchange Netflow data reveals that over $2.3 million of JASMY was sold in the past 72 hours. So much for conviction, huh? 😬
Persistent selling could very well erode the gains and put the squeeze on those overleveraged longs. But if net inflows return, the bullish case remains intact-and the next rally could be right around the corner. Talk about a rollercoaster ride! 🎢
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2025-08-14 05:20