Katana Network Token $KAT saw a very sharp and sudden move, with its price jumping more than 50% 💸in just one hour. At the same time, Open Interest increased heavily, meaning a lot of traders quickly entered the market and opened new positions, showing strong interest and activity.

Right after this big price jump, the situation changed quickly—funding rates turned negative. This means many traders started opening short positions, expecting the price to drop after such a fast rise. In simple terms, people are betting that the pump may not last and a correction could happen.