🔝 Top Gainer & Top Loser of the Day 🔻 📆 24h Recap – Let’s dive in!
🍌 Top Gainer: $BANANAS31 📈 +60% Today 📊 +108% This Week
What is it? BANANAS31 is a meme token built on BNB Chain, inspired by the viral “banana for scale” meme 🍌. It gained attention after appearing as a decal on SpaceX’s Starship 31 🚀. The project also integrates community governance via DAO voting.
Why the Pump? 🔥 Major breakout with strong volume 🗳️ Rising community votes for BNB Chain 🚀 SpaceX-related meme hype fueling visibility
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📉 Top Loser: $GNS 🔻 –11% Today 📊 +33% This Week
What is it? GNS is the native token of Gains Network, a decentralized trading protocol enabling on-chain leveraged positions. A major player in the DeFi derivatives space.
Why the Drop? 💰 Profit-taking after a strong weekly rally 📉 General weakness in altcoins as BTC dominance rises 🧭 Market sentiment shift impacting leveraged assets
⚠️ Funding rate matters! Let's talk about $FUN , jumping +40% in the last 24h! But before you FOMO in… 🛑
🔍 Let’s quickly break down something important: the Funding Rate If you're trading FUN on perpetual futures, pay close attention to this mechanism! 💡
🧠 The funding rate is a balance mechanism between longs and shorts:
🔺 Positive funding → Longs pay Shorts
🔻 Negative funding → Shorts pay Longs
In FUN’s case, this rate is paid every hour, and it fluctuates constantly depending on:
📊 Supply/Demand imbalance 🔄 Futures price vs. Spot price 🌪️ Volatility & liquidity of the token
💣 Currently, the funding rate is around 1% PER HOUR So, if you're trading short with $100 at 10× leverage (i.e., $1,000 exposure), ➡️ You could be paying $10/hour in funding fees!
📌 Trade long or short — that’s up to you But keep this in mind: if you stay in position for hours, ⚠️ Funding fees might eat up all your profit, or worse — increase your losses if the trade goes wrong.
🎯 Stay sharp, trade smart — and good luck out there! 💪💰