#Fartcoin is in such a unique position
OI: $772mn
MCap: $1.02bn
This gives an OI to Market Cap ratio of ~75% - probably the highest for a $1bn+ coin
On one hand, this means it's here to stay as it's super traded (high volume, MM dream) - but also super volatile
Assuming an avg leverage of 3x, there's $250mn stuck in perps collateral
A $250mn bid would've probably sent Fartcoin to $8-10 already
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