I noticed a long and big jump in volume, token price, and popularity around $API3, it's hot, but why did the price jump? API3's price surge can be attributed to a negative funding rate, making it costly to hold long positions, prompting buyers to drive prices up. Moreover, a $1.5 million market-making loan from DWF serves as an incentive to increase $API3's price, ensuring profitability for the loan by raising the token's value within a specified range.
So as I wrote not long ago about $AAVE, now another one in Defi found popularity. Maybe the beginning of the bullrun for DeFi, the undersnowed section? Show Less
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