Of course, many things will be said for the UMA token rise, but the most effective reason seems to be the funding rate.
-2 funding rate, short positions maintaining their positions and the arrival of new short sellers push the price up.
It has risen too much, squeezing the new shorts who come with the idea that it will fall from here will provide new ATH.
#umausdt #uma #shortsqueze #tradeNTTell