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XRP and Dogecoin Defy Market Downturn with Sky-High Funding Rates
XRP and Dogecoin Defy Market Downturn with Sky-High Funding Rates
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While the broader crypto market tanks, two unlikely contenders—XRP and Dogecoin—are posting eye-popping funding rates. Are traders betting on a meme-fueled rebound or just desperate for yield in a bear market?
Funding rates—the cost to hold perpetual contracts—have turned into a battleground for these assets. Forget ’safe havens’; this is pure speculative froth.
Wall Street would call it irrational. Crypto natives? Just another Tuesday. After all, when traditional finance zigs, degenerate traders zag—straight into leveraged meme coins.
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