🔥Hot off the press! HBAR token took a wild rollercoaster ride, surging 107% then slipping 25%. All because some folks thought BlackRock was behind a tokenization project on Hedera. Plot twist: they weren't! 😂

Archax CEO cleared the air, saying it was their choice to put the fund on Hedera. BlackRock, meanwhile, is chilling in the real-world asset tokenization sector with its own fund on Ethereum. 🎢

Despite the drama, HBAR is still up 61% over the past 24 hours. But with a thin 2% market depth and $900,000 in cumulative bids, we're in for a wild ride. Buckle up, folks! 🚀

Funding rates are in the negatives, meaning those shorting have to pay up. Longs and shorts on Binance are at a 0.85 ratio. With a lack of liquidity and high short interest, we might be heading for a volatile trading period or a short squeeze. 📈

What's your take on this? Bullish or bearish? Drop your thoughts below! Let's get this crypto convo going! 💬 #DeFi #Web3

P.S. This is all in good fun. Remember, always do your own research before diving into the crypto sea! 🏊‍♂️