This move by LUNC is really puzzling. Everyone knows it will inevitably end with a dump, but people still can’t resist getting in early.



After the price is pushed up, it just stagnates, and the funding rate for shorts is ridiculously high. Is there some trick behind this?

Could it be that they're luring people in with longs to make them pay high funding fees, and then eventually dump the price to cash out? If that's the case, then the holders are basically becoming ATMs.
LUNC-24.52%
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0xInsomniavip
· 12-06 15:55
A familiar tactic—who wouldn't be tempted by such high funding rates? But stay sharp and don't get rekt like a newbie.
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RugpullSurvivorvip
· 12-06 15:54
Haha, this is the oldest trick in the crypto space. With such a high funding rate, anyone with a keen eye can see what's going on.
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ContractTestervip
· 12-06 15:50
Uh... the funding rate is so high and you're still stubbornly long, there's definitely something wrong with your thinking.
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SingleForYearsvip
· 12-06 15:43
Ha, I've seen this trick too many times. It's just a game to eat up funding fees.
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StableBoivip
· 12-06 15:30
They're pulling the same old rug-pull tricks again, I'm fed up.
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AirdropHarvestervip
· 12-06 15:28
Bull traps, funding fees, dumping—I'm tired of watching this circus act, yet people keep jumping in.
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StableCoinKarenvip
· 12-06 15:27
Uh... here we go again, funding rates feeding off others' losses.
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