I am worried that investors will be rugged in collusion with exchange.
Binance gave random announcement of chargin 1.4% funding fer KAITO short position - this translates to 511% per annum, ridiculous a day light robbery. How can you justify?
This could only be explained that it is done to discourage short positions unfairly and unethically. This basically means price is temporarily pumped.
Because they know the price hike is not sustainable, therefore artificially trying to boost prices which will be disaster for KAITO buyers. Million percent certain this move means you will loose money if you go long on KAITO. Beware and run, you are being rugged!!
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