$FUN 🔍 Why This Looks Like a Good Short Setup

🔻 Supporting the Short Thesis:

Very low open interest (~US$1.7‑2.5 million) indicates thin derivatives liquidity — meaning downside moves could happen with relatively little push.

The funding rate is positive (which often supports long positions) but is very small, suggesting weak bullish conviction — if sentiment flips or fails to pick up, the token may struggle.

The project’s market cap and usage metrics are very modest — for it to rally meaningfully, a strong catalyst and adoption would be required, and there is little evidence of that currently.

As a utility token in a competitive space (gaming + iGaming), FUN faces headwinds: high supply, many competitors, and limited standout performance so far.