The trading logic of $JELLYJELLY is worth a closer look. On the surface, the daily average Trading Volume of the Spot DEX is only 1 million, which seems quiet. But this is just a facade.



The real issue lies in perpetual contracts. The perpetual trading volume has exceeded 500 million USD, equivalent to 100 times that of Spot. Even more extreme is that this trading scale is actually 10 times the project’s market value.

Why is there such an outrageous contrast? The Spot Trading Volume is far smaller than the contract trading volume, and this structural imbalance usually suggests two possibilities: first, market participants are mainly speculating on volatility rather than engaging in real transactions; second, there are distortions in capital flows and the price discovery mechanism.

If you are trading in such assets, this data cannot be ignored. The more imbalanced the market ecosystem, the more the risks deserve vigilance.
JELLYJELLY-12.22%
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UncleLiquidationvip
· 6h ago
Perptual Futures 500 million to Spot 1 million, this ratio is ridiculously scary. It feels like betting on Fluctuation, there’s really nothing being transacted.
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SandwichTradervip
· 6h ago
Is the volume of Perptual Futures 100 times that of Spot? That sounds insane, purely gambling on Fluctuation. People only want to use leverage; no one really wants to buy coins, which is ridiculous. A trading volume 10 times the market capitalization feels like the risk is off the charts; I need to be careful. This structure clearly shows someone is dumping; the capital flow definitely has some tricks up its sleeve. The guys are still trying to buy the dip; I think it's risky.
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GhostAddressMinervip
· 6h ago
Contract trades at 100 times Spot? This characteristic is too obvious, capital is playing leverage games in circles, early holders' addresses are probably quietly dumping.
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NftMetaversePaintervip
· 6h ago
nah the spot/perp ratio here is genuinely unsettling... 100x differential screams algorithmic distortion to me. this isn't organic price discovery, it's basically leverage theater masquerading as market depth. the hash value of real liquidity just isn't there
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GateUser-e63470e2vip
· 6h ago
Merry Christmas ⛄
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