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NFP Doubles Before Own Delisting: A Short Squeeze or Real Reversal?
  • NFP0%

CoinEx News: On June 26, Binance said it will delist NFP — the token of AI project NFPrompt — on July 10. After first falling more than 20% on that news, NFP jumped about 124% in a day, and CoinGlass shows why: perpetual funding is deeply negative across every exchange, meaning traders had crowded into short bets, and 74% of the $1.3 million liquidated in 24 hours were those shorts, forced to buy back as the price rose.

Open interest up over 340% to roughly twice NFP's $6 million market cap makes this a leverage-driven squeeze into a hard July 10 liquidity cliff, not spot accumulation — a delisting spike.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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