Gram's slide to $1.16 was driven by spot selling, not leverage
- —GRAM fell 7.2% to $1.221 on October 23, with a 13% intraday range
- —Spot turnover on Oct 23–24 ($3.6–4.1M) exceeded perpetuals ($3.2–3.5M)
- —Over Oct 17–25, perpetuals turned over $32.9M versus $26.1M in spot
- —Open interest sits at 4.62M GRAM (~$5.8M), funding rate at +0.005%
Why it matters: Low open interest and neutral funding reduce the risk of another liquidation cascade in GRAM.
Source: CryptoTicker