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Everybody is trading BONK today.

The market cap briefly touched $3B as it was listed on Binance.

Aggregated open interest on BONK is up ~$145M (~2x) from the lows of yesterday since Binance announced its BONK listing.

However funding is consistently negative, meaning many traders are still shorting.

There have been $6.15M of liquidations on BONK over the past 12 hours alone.

Will the new shorts do any better?

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