BlockBeats News, March 10, according to HTX market data, a significant price difference between the JELLYJELLY contract and spot has emerged. The current perpetual contract mark price is $0.067, while the on-chain spot price is $0.092, a spread of approximately 28%. The current funding rate on major exchanges for the JELLYJELLY contract has reached an extreme negative value, with the funding rate now at -2% every 4 hours.
The current on-chain market value of JELLYJELLY is $93 million. Additionally, according to Coinglass data, open interest in JELLYJELLY’s contract across all exchanges has surged to $39.2 million.
Analyst Ai Yi (@ai_9684xtpa) stated that the open interest in JELLYJELLY’s contract across all exchanges surged around 1 p.m. and may once again indicate a similar price manipulation as seen before.
