Data: The funding rate for PEPE perpetual contracts remains negative, with short positions dominating

According to ChainCatcher news and data from the crypto derivatives analytics platform Laevitas, the meme coin PEPE reached a market capitalization of $500 million within two weeks of its launch. However, the funding rates for perpetual contracts on multiple trading platforms such as OKX, Huobi, and BitMEX remain negative, indicating that short positions dominate the perpetual contract market. (Source link)