PROM rallies 326% in 30 days as funding turns negative
Prom (PROM)
Editor:
Eugene Serbin
Bitcoinethereumnews.com reports that PROM has surged 48% in the last 24 hours, extending a weekly gain of 176% and a monthly rally of 326%. The asset has seen major capital inflows across both Spot and perpetual markets, with roughly $5.47 million in net inflow supporting the buy side. Over the previous five days, traders recorded approximately $16.8 million in netflow, with net buys reaching $463.89 million against $480.72 million in sells.
Spot market activity also contributed, recording about $7.13 million in buy volume over the last 12 hours. Despite this bullish capital flow, the funding rate has flipped to negative at -0.0009%. This shift indicates that shorts have taken control, suggesting investors are betting on a price drop from current levels.
Historically, such negative funding rates have coincided with price corrections before the asset resumed its upward trend. If the negative funding rate persists for several days, the price could experience a significant drop below its current levels.
How the market reacted
Whalio's own Binance spot order flow for PROM, measured when this story was written up on 31 August 2026. Not the outlet's figures.
Whalio data shows PROM trading at $6.46 with a 24-hour buy ratio of 48.3%, indicating a near-even split between buyers and sellers. In the shorter 1-hour window, the buy ratio rose to 50.9%, while the 4-hour ratio dropped to 41.2%, suggesting immediate buying pressure is stronger than recent multi-hour trends. The 1-hour volume delta is positive at +$13,506, contrasting with negative deltas of -$248,479 over 4 hours and -$683,756 over 24 hours. This means that while recent short-term activity shows net buying, the broader 24-hour trend reflects net selling. The cumulative volume delta (CVD) for the 24-hour period closed at -$603,162, confirming that sellers have dominated the day's volume despite the high buy ratio.
The latest daily buy ratio of 48.2% sits at the 43rd percentile of the last 322 days, against a median of 49.0% - ordinary for this coin.
Twenty-four hours later
What PROM did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for PROM, averaged over the days leading up to the story.
Over the preceding week, PROM saw a 7-day average buy ratio of 51.2%, compared to the current 24-hour ratio of 48.3%, a difference of 2.9 percentage points. Trading volume was 1.48 times the weekly average, indicating significantly higher activity than usual. The coin experienced net buying on 6 of the last 7 days, with a total volume delta of +$1,795,093 over eight days. This contrasts with the current 24-hour net selling, marking this as an unusual day relative to the recent weekly trend. The price change over eight days stands at +124.7%, underscoring the magnitude of the recent rally before this specific selling pressure emerged.