📂 Hyperliquid FOGO's premarket has risen to $0.27.
There's a lot of talk about this, but... FOGO's premarket is practically the only one (or perhaps the most representative) with a market cap of less than 1 billion open interest (total position).
The previous, much larger premarket, $XPL, was also a disaster, leading to liquidations. With this size, I believe the driving force could liquidate the market if they so choose, making it a significant risk.
One of Hyperliquid's strengths is its transparency, and in the case of OI, it's possible to verify this information on other exchanges, so it's worth keeping this in mind.
