$USELESS running 11.9% OI-to-market-cap ratio on binance perps. most shitters sit at 2-4%. $FARTCOIN at 9%. this is the highest derivatives concentration of any CEX-listed shitter on a $73m token that held #2$SOL trading volume for over a year straight. $8.3m in open interest has stayed elevated for months through a 95% drawdown and 300% recovery. that's not degens flipping coins. someone is running a structured book on a token that explicitly promises zero utility. the reflexivity loop is volume dominance feeds exchange listings feeds accessibility feeds more OI. watch if that $8.3m OI figure drops below $6m because that's your signal the positioning is unwinding $USELESS running 11.9% OI-to-market-cap ratio on binance perps. most shitters sit at 2-4%. FARTCOIN at 9%. this is the highest derivatives concentration of any CEX-listed shitter on a $73m token that held #2 solana trading volume for over a year straight. $8.3m in open interest has stayed elevated for months through a 95% drawdown and 300% recovery. that's not degens flipping coins. someone is running a structured book on a token that explicitly promises zero utility. the reflexivity loop is volume dominance feeds exchange listings feeds accessibility feeds more OI. watch if that $8.3m OI figure drops below $6m because that's your signal the positioning is unwinding
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