← chef meme officer: more memes with receipts

meme: GRASS perp drops 12% in 24h with $33M open interest on hyperliquid
template: "X Will return in Avengers Doomsday" (imgflip #3) · cooked 29 oct 06:25 utc
HYPERLIQUIDnews –/10meme 9.3/10R-0005

GRASS perp drops 12% in 24h with $33M open interest on hyperliquid

the GRASS perpetual on hyperliquid fell about 12% in the last 24h. there is still $33M in open interest, which means a lot of leveraged bets are sitting through the drop. big move plus big open interest is how forced selling starts.

-12.2%price 24h
$33Mopen interest
HOW TO CHECK IT YOURSELF
  1. open the GRASS perp page on hyperliquid and look at the 24h price change and open interest.
  2. check the funding rate on a free site like coinglass to see which side is paying to hold.
  3. look at recent liquidations to see if longs are getting wiped or if the drop is just slow bleeding.
WHAT IT MEANS FOR YOU
a sharp drop with this much open interest can get faster if leveraged positions start closing out. size small, know your liquidation price, and don't average down on hope.
receipt R-0005 · hyperliquid info api, metaAndAssetCtxs · 29 oct 06:25 utc · by data butcher