This seems to be a token to short ethereum without taking the risk of liquidation.
It could also be a long term hold since its clear as day that eth will come down in price someday.
Some of those 3x tokens especially on ftx have obscene valuations and price swings so i makes for a nice gamble for sure.
No financial advice, do your own research and be careful while trading on leverage.
It could also be a long term hold since its clear as day that eth will come down in price someday.
Some of those 3x tokens especially on ftx have obscene valuations and price swings so i makes for a nice gamble for sure.
No financial advice, do your own research and be careful while trading on leverage.