PANews reported on March 10th that, according to on-chain analyst @ai_9684xtpa, the current on-chain market capitalization of JELLYJELLY tokens is $89.95 millionPANews reported on March 10th that, according to on-chain analyst @ai_9684xtpa, the current on-chain market capitalization of JELLYJELLY tokens is $89.95 million
Analyst: JELLYJELLY's current futures-spot price spread is as high as 34%.
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PANews reported on March 10th that, according to on-chain analyst @ai_9684xtpa, the current on-chain market capitalization of JELLYJELLY tokens is $89.95 million, while the Binance futures market capitalization is $67.17 million, resulting in a price difference of 34%. The price anomaly appears to have started around 9 AM this morning, with the first small price peak occurring around 10 AM. However, when the on-chain price surged again around 2 PM, the futures price unusually fell, leading to the significant price difference.
Binance JELLYJELLY's latest contract open interest is $9.96 million, which surged around 1 p.m.; currently, funding fees are -2%, meaning a large amount of capital is shorting regardless of price.
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