PONS rallies 10% despite net selling as funding stays positive and OI hits $175M
- —PONS rose over 10% in 24 hours despite −$7.89 million in perpetual net inflow
- —Spot net inflow was negative at −$1.64 million against $10.64 million in buy-side inflow
- —Funding rate stayed positive at 0.0032%, meaning longs pay shorts
- —Open interest climbed about 6% to $175.09 million
Why it matters: The rally rests on bullish positioning rather than fresh demand; if buyers fail to absorb selling, PONS could give back part of its gains.
Source: AMBCrypto